Skechers USA Inc (SKX)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,995,400 | 7,925,030 | 7,779,040 | 7,635,720 | 7,442,100 | 7,188,960 | 6,863,300 | 6,654,460 | 6,259,940 | 5,944,970 | 5,693,600 | 4,763,908 | 4,579,448 | 4,585,468 | 4,641,218 | 5,173,210 | 5,210,440 | 4,960,510 | 4,783,720 | 4,660,390 |
| Property, plant and equipment | US$ in thousands | 1,506,690 | 1,466,140 | 1,417,220 | 1,377,590 | 1,345,370 | 1,289,520 | 1,225,530 | 1,184,480 | 1,128,910 | 1,087,180 | 1,026,780 | 992,512 | 935,441 | 870,162 | 833,103 | 787,980 | 738,925 | 702,545 | 683,254 | 605,876 |
| Fixed asset turnover | 5.31 | 5.41 | 5.49 | 5.54 | 5.53 | 5.57 | 5.60 | 5.62 | 5.55 | 5.47 | 5.55 | 4.80 | 4.90 | 5.27 | 5.57 | 6.57 | 7.05 | 7.06 | 7.00 | 7.69 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,995,400K ÷ $1,506,690K
= 5.31
Skechers U S A, Inc. has maintained a stable and relatively high fixed asset turnover ratio over the past eight quarters. The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
The company's fixed asset turnover has ranged between 5.31 and 5.64 during this period, indicating that, on average, Skechers generates approximately $5.30 to $5.60 in revenue for every dollar invested in fixed assets.
A fixed asset turnover ratio of above 5 suggests that Skechers is efficient in utilizing its fixed assets to generate sales. It indicates that the company is effectively using its property, plant, and equipment to drive revenue growth.
Overall, the consistent high fixed asset turnover ratio indicates that Skechers U S A, Inc. is effectively leveraging its fixed assets to generate revenues, reflecting operational efficiency and effective resource allocation.
Peer comparison
Dec 31, 2023