Skechers USA Inc (SKX)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.79 | 5.25 | 4.84 | 4.74 | 3.84 | 3.79 | 4.10 | 4.25 | 3.93 | 4.46 | 5.00 | 4.33 | 4.48 | 4.29 | 4.40 | 4.95 | 4.47 | 5.10 | 5.12 | 5.79 | |
| DOH | days | 76.19 | 69.47 | 75.35 | 77.04 | 95.10 | 96.31 | 89.09 | 85.97 | 92.83 | 81.77 | 72.93 | 84.26 | 81.45 | 85.07 | 82.99 | 73.71 | 81.66 | 71.61 | 71.26 | 63.07 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.79
= 76.19
The days of inventory on hand (DOH) for Skechers U S A, Inc. have shown fluctuations over the past eight quarters. In Q4 2023, the company had 144.69 days of inventory on hand, which decreased from the previous quarter's 129.43 days. This reduction in DOH suggests that Skechers managed its inventory more efficiently in Q4 2023.
Comparing the current quarter to the same quarter in the previous year, there is a notable improvement as Q4 2023 had a significantly lower DOH of 144.69 days compared to Q4 2022's 168.88 days. This indicates that Skechers has been successful in optimizing its inventory management practices over the year.
Overall, while there have been fluctuations in the DOH metric for Skechers, the trend indicates a positive direction towards more efficient inventory management. It is crucial for the company to continue monitoring and optimizing its inventory levels to enhance operational efficiency and financial performance.
Peer comparison
Dec 31, 2023