Skechers USA Inc (SKX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,201,910 | 3,847,940 | 3,929,190 | 3,185,820 | 2,407,630 |
| Inventory | US$ in thousands | 1,919,390 | 1,525,410 | 1,818,020 | 1,470,990 | 1,016,770 |
| Inventory turnover | 2.19 | 2.52 | 2.16 | 2.17 | 2.37 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,201,910K ÷ $1,919,390K
= 2.19
Skechers USA Inc's inventory turnover has shown some fluctuations over the past five years. In 2020, the inventory turnover stood at 2.37, indicating that the company's inventory was sold and replaced approximately 2.37 times during that year. However, in the following years, the inventory turnover trended downwards to 2.17 in 2021 and 2.16 in 2022, suggesting a longer holding period for inventory.
There was a notable improvement in 2023, with the inventory turnover increasing to 2.52, indicating a more efficient management of inventory during that period. However, this improvement was not sustained as the inventory turnover decreased again to 2.19 in 2024.
Overall, the inventory turnover ratio for Skechers USA Inc has been relatively stable around the 2.0 mark, which could indicate that the company has been maintaining an average level of efficiency in managing its inventory turnover over the years.
Peer comparison
Dec 31, 2024