Skechers USA Inc (SKX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 545,799 | 534,132 | 474,603 | 412,248 | 373,028 | 699,935 | 717,188 | 764,153 | 741,503 | 392,363 | 353,502 | 148,036 | 98,564 | 104,814 | 143,626 | 286,903 | 346,560 | 334,405 | 322,043 | 292,147 |
| 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 |
| ROA | 7.23% | 7.38% | 6.68% | 5.85% | 5.41% | 10.48% | 10.74% | 11.68% | 11.42% | 6.65% | 6.13% | 2.47% | 1.70% | 1.84% | 2.66% | 5.32% | 7.08% | 7.32% | 7.28% | 7.08% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $545,799K ÷ $7,547,350K
= 7.23%
Over the last eight quarters, Skechers U S A, Inc.'s return on assets (ROA) has exhibited fluctuations. The company's ROA ranged from a low of 5.41% in Q4 2022 to a high of 11.68% in Q1 2022. In the recent quarters, the ROA has shown a declining trend, with Q4 2023 reporting an ROA of 7.23%, which was slightly lower than the previous quarter. This decrease may indicate a potential decrease in the company's ability to generate profits from its assets efficiently. It is essential for stakeholders to monitor this metric closely to understand how effectively Skechers U S A, Inc. is utilizing its assets to generate profits and to assess the company's overall financial health.
Peer comparison
Dec 31, 2023