Skechers USA Inc (SKX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,019,340 | 3,569,990 | 3,259,340 | 2,481,440 | 2,314,660 |
| ROE | 13.58% | 10.45% | 22.75% | 3.97% | 14.97% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $545,799K ÷ $4,019,340K
= 13.58%
Skechers U S A, Inc.'s return on equity (ROE) has shown fluctuations over the past five years. In 2023, the ROE stands at 13.58%, which is an improvement compared to the 2022 figure of 10.45%. This indicates that the company is generating a higher profit relative to its shareholder equity in the most recent period.
The ROE was notably higher in 2021 at 22.75%, suggesting a strong performance in utilizing equity to generate profits. However, in 2020, the ROE dropped to a significantly lower level of 3.97%, signaling potential inefficiencies or challenges in generating returns relative to the equity invested.
In 2019, the ROE was at 14.97%, showing a relatively favorable performance compared to 2020 but slightly lower than the latest figure in 2023.
Overall, Skechers U S A, Inc.'s ROE has displayed variability in recent years, indicating fluctuations in the company's ability to generate profits relative to shareholders' equity. Further analysis of the company's financial performance and operational strategies may provide insights into the factors driving these fluctuations and help in assessing the company's overall financial health and efficiency.
Peer comparison
Dec 31, 2023