Skechers USA Inc (SKX)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,996,430 | 7,427,220 | 6,267,980 | 4,594,940 | 5,210,430 |
| Receivables | US$ in thousands | 942,553 | 936,223 | 812,836 | 689,022 | 699,235 |
| Receivables turnover | 8.48 | 7.93 | 7.71 | 6.67 | 7.45 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,996,430K ÷ $942,553K
= 8.48
The receivables turnover ratio reflects how efficiently a company collects its accounts receivable within a given period. A higher ratio indicates a faster turnover of receivables, implying better liquidity and effective credit policies.
For Skechers U S A, Inc., the trend in receivables turnover over the past five years shows a generally increasing pattern, from 7.47 in 2019 to 8.49 in 2023. This indicates that the company has been improving its ability to collect receivables more quickly over time.
In 2023, Skechers U S A, Inc. achieved a receivables turnover ratio of 8.49, implying that the company collected its outstanding receivables approximately 8.49 times during the year. This signifies a strong management of accounts receivable and efficient collection efforts by the company.
Overall, the increasing trend and the high receivables turnover ratio of Skechers U S A, Inc. indicate effective credit management practices and a healthy liquidity position, which are favorable indicators for the company's financial health and stability.
Peer comparison
Dec 31, 2023