Skechers USA Inc (SKX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,019,340 | 3,952,130 | 3,839,350 | 3,714,850 | 3,569,990 | 3,458,700 | 3,416,260 | 3,367,820 | 3,259,340 | 2,841,500 | 2,733,460 | 2,576,130 | 2,481,440 | 2,402,400 | 2,224,720 | 2,347,720 | 2,314,660 | 2,174,500 | 2,132,910 | 2,062,530 |
| ROE | 13.58% | 13.52% | 12.36% | 11.10% | 10.45% | 20.24% | 20.99% | 22.69% | 22.75% | 13.81% | 12.93% | 5.75% | 3.97% | 4.36% | 6.46% | 12.22% | 14.97% | 15.38% | 15.10% | 14.16% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $545,799K ÷ $4,019,340K
= 13.58%
The return on equity (ROE) for Skechers U S A, Inc. has displayed some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the ROE stood at 13.58%, slightly higher than the previous quarter's 13.52%. This indicates that the company generated a return of 13.58% on the shareholder equity during the quarter.
Looking back at the trend, the ROE has been gradually increasing from Q1 2022 to Q3 2022, reaching a peak of 22.69% in Q2 2022. However, there has been a downward trend in ROE since then, with values dropping to 10.45% in Q4 2022 and gradually climbing back up since then.
Overall, despite the fluctuations, Skechers U S A, Inc. has maintained relatively stable ROE figures ranging from 10.45% to 22.69% over the past eight quarters. It is important for investors and stakeholders to track the company's future performance to assess the sustainability and improvement of its return on equity.
Peer comparison
Dec 31, 2023