Skechers USA Inc (SKX)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 4,892,940 | 4,566,200 | 4,421,240 | 4,127,410 |
| Total asset turnover | 1.06 | 1.09 | 1.09 | 1.08 | 1.08 | 1.08 | 1.03 | 1.02 | 0.96 | 1.01 | 0.99 | 0.80 | 0.79 | 0.80 | 0.86 | 0.96 | 1.06 | 1.09 | 1.08 | 1.13 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,995,400K ÷ $7,547,350K
= 1.06
The total asset turnover ratio of Skechers U S A, Inc. has been relatively stable over the past eight quarters, ranging from 1.02 to 1.09. This indicates that the company is efficient in generating sales revenue from its total assets. A total asset turnover above 1 suggests that the company is effectively utilizing its assets to generate sales.
The slight fluctuations in the ratio may indicate variations in how efficiently the company is able to generate revenue from its total assets each quarter. Overall, the consistent range of total asset turnover ratios reflects that Skechers U S A, Inc. has been maintaining a good balance between asset utilization and sales generation.
Peer comparison
Dec 31, 2023