Skechers USA Inc (SKX)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 639,471 | 545,799 | 373,028 | 741,503 | 146,227 |
| Total assets | US$ in thousands | 8,455,760 | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 |
| ROA | 7.56% | 7.23% | 5.41% | 11.42% | 2.52% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $639,471K ÷ $8,455,760K
= 7.56%
Skechers USA Inc's Return on Assets (ROA) has exhibited fluctuations over the past five years. In December 2020, the ROA stood at 2.52%, indicating that for every dollar of assets, the company generated a profit of 2.52 cents. This figure increased significantly to 11.42% by December 2021, highlighting a substantial improvement in the company's efficiency in utilizing its assets to generate earnings.
However, in the subsequent years, there was some volatility in the ROA. In December 2022, the ROA decreased to 5.41%, suggesting a decline in the company's asset efficiency compared to the previous year. Nevertheless, there was a recovery in December 2023, with the ROA increasing to 7.23%, indicating a better performance in utilizing assets to generate profit.
By December 2024, Skechers USA Inc's ROA reached 7.56%, showing a modest improvement from the previous year. Overall, the trend in ROA demonstrates some variability in the company's asset utilization efficiency over the period under review. It would be essential for stakeholders to assess the reasons behind these fluctuations to understand the company's overall financial performance comprehensively.
Peer comparison
Dec 31, 2024