Skechers USA Inc (SKX)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,301,570 | 4,187,037 | 4,015,417 | 3,943,869 | 3,847,939 | 3,897,487 | 3,938,879 | 3,957,112 | 3,929,193 | 3,807,317 | 3,594,398 | 3,432,453 | 3,185,818 | 3,014,873 | 2,909,125 | 2,461,751 | 2,407,632 | 2,424,331 | 2,449,500 | 2,737,324 |
| Inventory | US$ in thousands | 1,919,390 | 1,706,840 | 1,514,510 | 1,360,630 | 1,525,410 | 1,382,030 | 1,486,010 | 1,502,250 | 1,818,020 | 1,779,370 | 1,563,910 | 1,449,510 | 1,470,990 | 1,230,350 | 1,057,280 | 1,067,440 | 1,016,770 | 1,053,360 | 1,027,740 | 985,659 |
| Inventory turnover | 2.24 | 2.45 | 2.65 | 2.90 | 2.52 | 2.82 | 2.65 | 2.63 | 2.16 | 2.14 | 2.30 | 2.37 | 2.17 | 2.45 | 2.75 | 2.31 | 2.37 | 2.30 | 2.38 | 2.78 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,301,570K ÷ $1,919,390K
= 2.24
Skechers USA Inc's inventory turnover has shown fluctuations over the past few years based on the provided data.
The inventory turnover ratio indicates how efficiently a company is managing its inventory by measuring the number of times a company sells and replaces its inventory within a specific period. A higher turnover ratio is generally considered better as it indicates that inventory is moving quickly, reducing the risk of obsolete or unsold inventory.
From March 31, 2020, to December 31, 2024, Skechers' inventory turnover ranged between 2.14 and 2.90 times. The company's inventory turnover was lowest at 2.14 on September 30, 2022, and highest at 2.90 on March 31, 2024.
Overall, the average inventory turnover ratio for Skechers over this period was around 2.50, indicating that on average, the company sells and replaces its inventory approximately 2.5 times within a year.
It is important to note that changes in the inventory turnover ratio can be influenced by various factors such as sales trends, production efficiency, inventory management practices, and economic conditions. Analysts may further investigate the reasons behind the fluctuations in inventory turnover to assess the company's operational efficiency and inventory management strategies.
Peer comparison
Dec 31, 2024
Dec 31, 2024