Skechers USA Inc (SKX)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,969,350 | 8,717,870 | 8,395,130 | 8,250,010 | 8,000,350 | 7,918,190 | 7,771,600 | 7,626,880 | 7,444,540 | 7,213,640 | 6,886,230 | 6,676,200 | 6,285,030 | 5,961,860 | 5,711,790 | 4,783,492 | 4,597,412 | 4,603,432 | 4,656,542 | 5,185,630 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,678,260 | 2,647,860 | 2,616,810 | 2,545,940 | 1,289,520 | 2,393,910 | 2,376,370 | 2,353,490 | 2,217,460 | 2,160,920 | 992,512 | 935,441 | 870,162 | 833,103 | 787,980 |
| Fixed asset turnover | — | — | — | — | — | 2.96 | 2.94 | 2.91 | 2.92 | 5.59 | 2.88 | 2.81 | 2.67 | 2.69 | 2.64 | 4.82 | 4.91 | 5.29 | 5.59 | 6.58 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,969,350K ÷ $—K
= —
The fixed asset turnover ratio of Skechers USA Inc has shown a declining trend over the past few years. The ratio was robust at 6.58 as of March 31, 2020, indicating that the company generated $6.58 in sales for every dollar invested in fixed assets. However, the ratio started decreasing steadily, reaching a low of 2.64 as of June 30, 2021, before picking up slightly to 2.88 as of June 30, 2022.
The subsequent quarters saw fluctuations in the fixed asset turnover ratio, with values ranging between 2.67 and 5.59. However, as of December 31, 2023, the ratio stood at 2.91, demonstrating a slight improvement from the previous quarter. For the subsequent periods, data is unavailable, leading to a break in the trend analysis.
The declining trend in the fixed asset turnover ratio may indicate inefficiencies in utilizing the company's fixed assets to generate sales revenue. It could suggest potential issues in managing and utilizing the fixed assets effectively to support revenue generation. Further analysis would be required to understand the reasons behind the fluctuating ratios and to assess the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024