Skechers USA Inc (SKX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 784,786 | 741,130 | 657,918 | 594,343 | 546,670 | 553,095 | 569,371 | 616,423 | 598,187 | 562,844 | 508,723 | 246,542 | 133,684 | 170,047 | 225,337 | 397,389 | 518,443 | 508,058 | 484,554 | 454,831 |
| 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 |
| Operating ROA | 10.40% | 10.24% | 9.26% | 8.44% | 7.93% | 8.28% | 8.53% | 9.42% | 9.22% | 9.54% | 8.82% | 4.12% | 2.30% | 2.98% | 4.17% | 7.37% | 10.60% | 11.13% | 10.96% | 11.02% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $784,786K ÷ $7,547,350K
= 10.40%
Skechers U S A, Inc.'s operating return on assets (operating ROA) has shown a stable trend over the past eight quarters. The operating ROA has ranged from 7.93% to 10.40% during this period, indicating relatively consistent performance in generating operating profit from its assets.
The operating ROA increased from 7.93% in Q4 2022 to 10.40% in Q4 2023, reflecting an improvement in the company's ability to generate operating income relative to its total assets. This suggests that Skechers U S A, Inc. became more efficient in utilizing its assets to generate profits in the most recent quarter.
While there was a slight dip in Q1 2023, the operating ROA generally remained above 8% throughout the analyzed period. This indicates that Skechers U S A, Inc. has been effectively managing its assets to generate operating income, with a return of at least 8% in most quarters.
Overall, the trend in Skechers U S A, Inc.'s operating ROA demonstrates the company's consistent performance in efficiently utilizing its assets to generate operating profits, with a positive upward trajectory in the most recent quarter. This suggests that the company has been successful in maximizing the return on its assets over the analyzed period.
Peer comparison
Dec 31, 2023