Steven Madden Ltd (SHOO)
Return on total capital
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 213,222 | 213,046 | 209,060 | 230,259 | 281,644 | 321,304 | 330,970 | 313,449 | 243,597 | 185,523 | 94,107 | 22,687 | -31,605 | -33,468 | 37,571 | 105,906 | 176,814 | 182,371 | 184,534 | 181,485 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 829,598 | 837,038 | 824,516 | 821,042 | 831,553 | 842,303 | 833,534 | 835,215 | 812,098 | 798,830 | 774,335 | 787,528 | 776,586 | 756,120 | 755,084 | 761,207 | 828,501 | 838,738 | 818,354 | 819,695 |
| Return on total capital | 25.70% | 25.45% | 25.36% | 28.04% | 33.87% | 38.15% | 39.71% | 37.53% | 30.00% | 23.22% | 12.15% | 2.88% | -4.07% | -4.43% | 4.98% | 13.91% | 21.34% | 21.74% | 22.55% | 22.14% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $213,222K ÷ ($—K + $829,598K)
= 25.70%
The return on total capital for Steven Madden Ltd. has shown a consistent and relatively strong performance over the past eight quarters based on the provided data. The ratios have ranged between 25.36% and 40.06%, indicating that the company has been effectively generating returns on its total capital during this period.
There was a noticeable decline in the return on total capital in the most recent quarter, Q4 2023, compared to the previous quarters, with a value of 26.49%. However, it is important to note that the return in Q4 2023 is still within a relatively healthy range.
Overall, Steven Madden Ltd. seems to have been efficiently utilizing its total capital to generate returns, although there has been some fluctuation in the ratios over the quarters. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance in this area.
Peer comparison
Dec 31, 2023