Skechers USA Inc (SKX)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,969,350 | 8,717,870 | 8,395,130 | 8,250,010 | 8,000,350 | 7,918,190 | 7,771,600 | 7,626,880 | 7,444,540 | 7,213,640 | 6,886,230 | 6,676,200 | 6,285,030 | 5,961,860 | 5,711,790 | 4,783,492 | 4,597,412 | 4,603,432 | 4,656,542 | 5,185,630 |
| Total assets | US$ in thousands | 8,455,760 | 8,646,040 | 7,974,950 | 7,567,440 | 7,547,350 | 7,239,260 | 7,107,660 | 7,044,470 | 6,893,490 | 6,678,640 | 6,676,600 | 6,545,110 | 6,491,280 | 5,901,580 | 5,764,730 | 5,985,570 | 5,812,370 | 5,711,390 | 5,408,050 | 5,395,020 |
| Total asset turnover | 1.06 | 1.01 | 1.05 | 1.09 | 1.06 | 1.09 | 1.09 | 1.08 | 1.08 | 1.08 | 1.03 | 1.02 | 0.97 | 1.01 | 0.99 | 0.80 | 0.79 | 0.81 | 0.86 | 0.96 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,969,350K ÷ $8,455,760K
= 1.06
Skechers USA Inc's total asset turnover ratio, which measures how efficiently the company utilizes its assets to generate revenue, has shown fluctuations over the reported periods. From March 31, 2020, at 0.96 to December 31, 2024, at 1.06, there has been variability in the ratio.
The ratio decreased from 0.96 on March 31, 2020, to 0.79 on December 31, 2020, indicating a decline in the company's ability to generate sales from its total assets. However, the trend reversed in the following periods, with the ratio gradually increasing and surpassing the initial levels.
Notably, there have been periods of significant improvement in total asset turnover, such as the increase from September 30, 2021 (1.01) to June 30, 2022 (1.03) and the subsequent consistent high ratios until December 31, 2024 (1.06).
Overall, the general trend suggests that Skechers USA Inc has been effectively utilizing its total assets to generate revenue, with some fluctuations along the way. The recent stability and slight increase in the ratio indicate improved efficiency in asset utilization, which bodes well for the company's financial performance.
Peer comparison
Dec 31, 2024