Skechers USA (MEX:SKX) ROCE % : 15.89% (As of Sep. 2024)

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What is Skechers USA ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Skechers USA's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.89%.

Skechers USA ROCE % Historical Data

The historical data trend for Skechers USA's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Skechers USA ROCE % Chart

Skechers USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.91

3.32

12.59

10.32

13.13

Skechers USA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															15.11	8.85	20.01	14.65	15.89

Skechers USA ROCE % Calculation

Skechers USA's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	13321.152	/	( ( (134395.423 - 31447.828)	+	(128110.608 - 28191.968) )	/ 2 )
	=	13321.152	/	( (102947.595	+	99918.64)	/ 2 )
	=	13321.152	/	101433.1175
	=	13.13 %

Skechers USA's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	18384.756	/	( ( (146101.924 - 37762.093)	+	(170243.141 - 47190.876) )	/ 2 )
	=	18384.756	/	( ( 108339.831	+	123052.265 )	/ 2 )
	=	18384.756	/	115696.048
	=	15.89 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Skechers USA (MEX:SKX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Skechers USA ROCE % Related Terms

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Skechers USA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Skechers USA Inc (MEX:SKX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SKX:USA 0L73:UK SKAA:Germany SKAA:Germany

Address

228 Manhattan Beach Boulevard, Manhattan Beach, CA, USA, 90266

Website

https://www.skechers.com

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments includes Wholesale and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.