Skechers USA Inc (SKX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 545,799 | 373,028 | 741,503 | 98,564 | 346,560 |
| Total assets | US$ in thousands | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 | 4,892,940 |
| ROA | 7.23% | 5.41% | 11.42% | 1.70% | 7.08% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $545,799K ÷ $7,547,350K
= 7.23%
Skechers U S A, Inc.'s return on assets (ROA) has varied over the past five years. In 2023, the company's ROA was 7.23%, which indicates that it generated 7.23 cents of profit for every dollar of assets. This represents an improvement compared to the previous year, where the ROA was 5.41%.
In 2021, Skechers U S A, Inc. had a significantly higher ROA of 11.42%, showing a strong performance in utilizing its assets to generate profits. However, in 2020, the ROA was much lower at 1.70%, suggesting potential challenges or inefficiencies in asset utilization during that period. The company's ROA in 2019 was 7.08%, demonstrating a relatively steady performance compared to 2023.
Overall, Skechers U S A, Inc. has shown fluctuations in ROA over the last five years, with a notable improvement in 2023 compared to the previous year. It is important for the company to continue monitoring and managing its asset efficiency to sustain or enhance its profitability in the future.
Peer comparison
Dec 31, 2023