Skechers USA Inc (SKX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,969,350 | 8,000,340 | 7,444,550 | 6,285,030 | 4,597,410 |
| Total assets | US$ in thousands | 8,455,760 | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 |
| Total asset turnover | 1.06 | 1.06 | 1.08 | 0.97 | 0.79 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,969,350K ÷ $8,455,760K
= 1.06
The total asset turnover ratio of Skechers USA Inc has been showing an increasing trend over the last five years. In December 2020, the ratio stood at 0.79, indicating that the company generated $0.79 in sales for every dollar of assets. By December 2024, the total asset turnover had improved to 1.06, demonstrating that the company was able to generate $1.06 in sales for each dollar of assets during that year. This suggests that Skechers USA Inc has become more efficient in utilizing its assets to generate revenue over the years, which is a positive sign for the company's operational performance.
Peer comparison
Dec 31, 2024