Skechers USA Inc (SKX)
Working capital 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 current assets | US$ in thousands | 4,449,420 | 3,952,600 | 3,646,270 | 3,372,240 | 3,344,350 |
| Total current liabilities | US$ in thousands | 2,256,480 | 1,660,870 | 1,613,040 | 1,445,580 | 1,212,710 |
| Working capital turnover | 4.09 | 3.49 | 3.66 | 3.26 | 2.16 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,969,350K ÷ ($4,449,420K – $2,256,480K)
= 4.09
Skechers USA Inc's working capital turnover has shown a consistent upward trend over the past five years, increasing from 2.16 in December 31, 2020, to 4.09 in December 31, 2024. This indicates that the company is efficiently utilizing its working capital to generate sales revenue. The higher turnover ratio suggests that Skechers is effectively managing its working capital to support its operations and sales activities. The significant improvement in the working capital turnover ratio reflects a positive operational efficiency and effective management of the company's current assets and liabilities in meeting its sales demand.
Peer comparison
Dec 31, 2024