Steven Madden Ltd (SHOO)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 213,222 | 281,644 | 243,597 | -31,605 | 176,814 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 829,598 | 831,553 | 812,098 | 776,586 | 828,501 |
| Return on total capital | 25.70% | 33.87% | 30.00% | -4.07% | 21.34% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $213,222K ÷ ($—K + $829,598K)
= 25.70%
Steven Madden Ltd.'s return on total capital has fluctuated over the past five years. In 2023, the return on total capital was 26.49%, showing a decrease from the previous year's 33.87%. However, it is still higher compared to 2021's 30.49% and significantly better than the 6.38% in 2020. The company experienced a peak in 2019 with a return on total capital of 21.83%. Overall, these fluctuations indicate varying levels of efficiency in generating profits relative to the capital invested in the business during the period under review.
Peer comparison
Dec 31, 2023
Company name
Symbol
Return on total capital
Steven Madden Ltd
SHOO
25.70%
Caleres Inc
CAL
34.69%
Skechers USA Inc
SKX
16.87%
Wolverine World Wide Inc
WWW
-7.71%