Skechers USA Inc (SKX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 904,257 | 784,786 | 392,954 | 458,610 | 28,246 |
| Total assets | US$ in thousands | 8,455,760 | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 |
| Operating ROA | 10.69% | 10.40% | 5.70% | 7.07% | 0.49% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $904,257K ÷ $8,455,760K
= 10.69%
Skechers USA Inc's operating return on assets (operating ROA) has shown a positive trend over the past five years. The operating ROA improved significantly from 0.49% as of December 31, 2020, to 10.69% as of December 31, 2024. This indicates that the company is generating more operating income relative to its total assets, which is a positive sign of operational efficiency and profitability.
In 2021, there was a substantial increase in operating ROA to 7.07%, reflecting improved operational performance. Although there was a slight decrease in 2022 to 5.70%, the operating ROA rebounded in the following years, reaching 10.40% in 2023 and 10.69% in 2024.
Overall, the upward trend in Skechers USA Inc's operating ROA suggests that the company has been effectively utilizing its assets to generate operating income, which is essential for sustainable growth and value creation for shareholders.
Peer comparison
Dec 31, 2024