Skechers USA Inc (SKX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 904,257 | 869,046 | 848,805 | 860,007 | 784,786 | 698,102 | 576,234 | 477,143 | 392,954 | 442,407 | 497,339 | 579,906 | 598,186 | 562,843 | 508,722 | 246,542 | 133,684 | 170,047 | 225,337 | 397,389 |
| Total assets | US$ in thousands | 8,455,760 | 8,646,040 | 7,974,950 | 7,567,440 | 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 |
| Operating ROA | 10.69% | 10.05% | 10.64% | 11.36% | 10.40% | 9.64% | 8.11% | 6.77% | 5.70% | 6.62% | 7.45% | 8.86% | 9.22% | 9.54% | 8.82% | 4.12% | 2.30% | 2.98% | 4.17% | 7.37% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $904,257K ÷ $8,455,760K
= 10.69%
Operating Return on Assets (Operating ROA) is a key financial ratio that indicates the efficiency of a company in generating profits from its assets solely related to its core operations. For Skechers USA Inc, the operating ROA has fluctuated over the period from March 31, 2020, to December 31, 2024.
The trend of Skechers' operating ROA shows some variation, starting at 7.37% on March 31, 2020, and experiencing fluctuations until reaching 10.69% by December 31, 2024. Notably, the operating ROA seems to have trended upwards overall during this period.
The highest operating ROA percentage observed for Skechers was 11.36% on March 31, 2024, indicating that the company was able to generate higher returns from its operating assets during that period. Conversely, the lowest operating ROA percentage noted was 2.30% on December 31, 2020, which suggests a lower profitability efficiency during that particular quarter.
Overall, an improving trend in operating ROA is generally seen as a positive sign, as it implies that the company is becoming more effective in generating profits from its operating assets. However, it is essential to investigate further to determine the underlying reasons for the changes seen in Skechers' operating ROA over the period under review.
Peer comparison
Dec 31, 2024