Skechers USA Inc (SKX)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 7.25 | 8.85 | 8.97 | 7.98 | 7.29 | 7.28 | 6.59 | 7.58 | 6.60 | 6.49 | 6.36 | 5.72 | 6.12 | 6.09 | 7.28 | 7.81 | 6.25 | 6.86 | 6.85 | 9.40 | |
| Number of days of payables | days | 50.35 | 41.26 | 40.68 | 45.75 | 50.08 | 50.12 | 55.39 | 48.17 | 55.30 | 56.24 | 57.38 | 63.78 | 59.61 | 59.94 | 50.15 | 46.71 | 58.38 | 53.20 | 53.31 | 38.84 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.25
= 50.35
The number of days of payables for Skechers U S A, Inc. has shown some variability over the past eight quarters. The company's payables turnover period has ranged from a low of 74.34 days in Q2 2023 to a high of 98.74 days in Q2 2022. Generally, a lower number of days of payables indicates that the company takes less time to pay off its suppliers, reflecting better liquidity or negotiation terms. Conversely, a higher number of days of payables suggests the company is taking longer to settle its payables, possibly to take advantage of extended payment terms or facing liquidity challenges. It is essential to further analyze the underlying reasons behind these variations to make informed conclusions about Skechers U S A, Inc.'s management of its payables.
Peer comparison
Dec 31, 2023