Skechers USA Inc (SKX)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,996,430 | 7,427,220 | 6,267,980 | 4,594,940 | 5,210,430 |
| Total current assets | US$ in thousands | 3,952,600 | 3,646,270 | 3,372,240 | 3,344,350 | 2,819,590 |
| Total current liabilities | US$ in thousands | 1,660,870 | 1,613,040 | 1,445,580 | 1,212,710 | 1,238,230 |
| Working capital turnover | 3.49 | 3.65 | 3.25 | 2.16 | 3.29 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,996,430K ÷ ($3,952,600K – $1,660,870K)
= 3.49
Skechers U S A, Inc.'s working capital turnover has shown fluctuation over the past five years. The metric was 3.49 in 2023, slightly down from 3.66 in 2022 but higher compared to 2021 and 2019. This indicates that the company generated $3.49 in revenue for every dollar of working capital in 2023. The highest level of efficiency in utilizing working capital was observed in 2022, while the lowest was noted in 2020 with a ratio of 2.16. Overall, the trend shows that Skechers U S A, Inc. has been relatively effective in generating sales revenue from its working capital, with the ratio consistently above 3 for three out of the five years analyzed.
Peer comparison
Dec 31, 2023