Skechers USA Inc (SKX)
Working capital 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 current assets | US$ in thousands | 3,952,600 | 3,767,750 | 3,669,690 | 3,709,980 | 3,646,270 | 3,581,880 | 3,569,970 | 3,425,600 | 3,372,240 | 3,302,680 | 3,246,040 | 3,464,740 | 3,344,350 | 3,385,630 | 3,136,790 | 3,230,410 | 2,819,590 | 2,627,380 | 2,492,540 | 2,381,800 |
| Total current liabilities | US$ in thousands | 1,660,870 | 1,493,530 | 1,477,300 | 1,539,630 | 1,613,040 | 1,576,820 | 1,527,680 | 1,405,770 | 1,445,580 | 1,336,950 | 1,338,300 | 1,271,380 | 1,212,710 | 1,260,440 | 1,076,790 | 1,042,990 | 1,238,230 | 1,106,810 | 994,573 | 819,174 |
| Working capital turnover | 3.49 | 3.48 | 3.55 | 3.52 | 3.66 | 3.59 | 3.36 | 3.29 | 3.25 | 3.02 | 2.98 | 2.17 | 2.15 | 2.16 | 2.25 | 2.36 | 3.29 | 3.26 | 3.19 | 2.98 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,995,400K ÷ ($3,952,600K – $1,660,870K)
= 3.49
Based on the data provided, Skechers U S A, Inc.'s working capital turnover has ranged from 3.31 to 3.66 over the past eight quarters. The working capital turnover ratio measures how efficiently the company is using its working capital to generate sales revenue. A higher ratio indicates that the company is more effective in utilizing its working capital to support its operations and generate sales.
Skechers U S A, Inc. has shown relatively stable working capital turnover, with fluctuations within a narrow range. This consistency suggests that the company has been managing its working capital efficiently over the analyzed period. The peak in Q4 2022 at 3.66 may indicate a particularly effective utilization of working capital during that period.
Overall, the consistent working capital turnover ratios indicate that Skechers U S A, Inc. has been successful in efficiently utilizing its working capital to support its operations and drive sales growth. This efficiency is crucial for sustaining the company's financial health and profitability.
Peer comparison
Dec 31, 2023