Skechers USA Inc (SKX)
Receivables 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 |
| Receivables | US$ in thousands | 942,553 | 994,691 | 1,009,510 | 1,135,640 | 936,223 | 1,008,980 | 971,823 | 1,082,520 | 812,836 | 840,075 | 844,514 | 869,594 | 689,022 | 783,674 | 546,115 | 859,880 | 699,235 | 708,578 | 686,199 | 771,910 |
| Receivables turnover | 8.48 | 7.97 | 7.71 | 6.72 | 7.95 | 7.12 | 7.06 | 6.15 | 7.70 | 7.08 | 6.74 | 5.48 | 6.65 | 5.85 | 8.50 | 6.02 | 7.45 | 7.00 | 6.97 | 6.04 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,995,400K ÷ $942,553K
= 8.48
The receivables turnover ratio for Skechers U S A, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the receivables turnover ratio was 8.49, indicating that the company collected its accounts receivable approximately 8.49 times during the quarter. This represents an improvement compared to the previous quarter where the ratio was 7.96.
Looking at the trend over the past year, there has been a general increasing pattern in the receivables turnover ratio, indicating that Skechers U S A, Inc. has been more efficient in collecting its receivables. The highest turnover ratio was observed in Q4 2023, which suggests that the company had a more efficient collection process in that period.
Overall, a higher receivables turnover ratio signifies that the company is collecting its accounts receivable quickly and effectively, which is a positive indicator of its liquidity and ability to manage working capital efficiently. It is important for Skechers U S A, Inc. to continue monitoring and improving its receivables turnover to ensure a healthy cash flow and operational efficiency.
Peer comparison
Dec 31, 2023