Skechers USA Inc
Skechers U.S.A., Inc. designs, develops, and markets footwear, apparel, and accessories worldwide. The company operates in two segments, Wholesale and Direct-to-Consumer. It offers footwear under the Skechers Hands Free Slip-ins, Skechers Arch Fit, and Skechers Air-Cooled Memory Foam brands; and slip-resistant and safety-toe shoes and boots for protective footwear in their work environments for m… Read more
Skechers USA Inc (SKX) - Net Assets
Latest net assets as of June 2025: $5.38 Billion USD
Based on the latest financial reports, Skechers USA Inc (SKX) has net assets worth $5.38 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.28 Billion) and total liabilities ($3.90 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.38 Billion |
| % of Total Assets | 57.94% |
| Annual Growth Rate | 21.95% |
| 5-Year Change | 76.85% |
| 10-Year Change | 250.38% |
| Growth Volatility | 39.55 |
Skechers USA Inc - Net Assets Trend (1998–2024)
This chart illustrates how Skechers USA Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Skechers USA Inc (1998–2024)
The table below shows the annual net assets of Skechers USA Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.82 Billion | +9.55% |
| 2023-12-31 | $4.40 Billion | +13.65% |
| 2022-12-31 | $3.87 Billion | +9.30% |
| 2021-12-31 | $3.54 Billion | +29.95% |
| 2020-12-31 | $2.73 Billion | +7.47% |
| 2019-12-31 | $2.54 Billion | +15.84% |
| 2018-12-31 | $2.19 Billion | +12.37% |
| 2017-12-31 | $1.95 Billion | +15.59% |
| 2016-12-31 | $1.69 Billion | +22.52% |
| 2015-12-31 | $1.38 Billion | +21.31% |
| 2014-12-31 | $1.13 Billion | +15.73% |
| 2013-12-31 | $979.92 Million | +6.62% |
| 2012-12-31 | $919.09 Million | +2.98% |
| 2011-12-31 | $892.53 Million | -5.64% |
| 2010-12-31 | $945.83 Million | +26.22% |
| 2009-12-31 | $749.37 Million | +11.53% |
| 2008-12-31 | $671.89 Million | +7.22% |
| 2007-12-31 | $626.66 Million | +39.54% |
| 2006-12-31 | $449.09 Million | +30.61% |
| 2005-12-31 | $343.83 Million | +16.59% |
| 2004-12-31 | $294.89 Million | +15.35% |
| 2003-12-31 | $255.65 Million | -1.38% |
| 2002-12-31 | $259.24 Million | +30.26% |
| 2001-12-31 | $199.02 Million | +48.47% |
| 2000-12-31 | $134.05 Million | +55.87% |
| 1999-12-31 | $86.00 Million | +210.47% |
| 1998-12-31 | $27.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skechers USA Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 15915.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.44 Billion | 103.72% |
| Common Stock | $149.00K | 0.00% |
| Other Comprehensive Income | $-171.22 Million | -4.00% |
| Other Components | $12.17 Million | 0.28% |
| Total Equity | $4.28 Billion | 100.00% |
Skechers USA Inc Competitors by Market Cap
The table below lists competitors of Skechers USA Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Banca Monte dei Paschi di Siena S.p.A
PINK:BMDPF
|
$9.49 Billion |
|
Hyundai Rotem Co
KO:064350
|
$9.52 Billion |
|
Chroma ATE Inc
TW:2360
|
$9.53 Billion |
|
Vingroup JSC
VN:VIC
|
$9.53 Billion |
|
BioNTech SE
NASDAQ:BNTX
|
$9.48 Billion |
|
CERIDIAN HCM HLDG
F:CQL
|
$9.48 Billion |
|
Samsung Fire And Marine Ins Pref
KO:000815
|
$9.48 Billion |
|
EDP - Energias de Portugal S.A
OTCGREY:ELCPF
|
$9.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skechers USA Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,019,342,000 to 4,277,299,000, a change of 257,957,000 (6.4%).
- Net income of 639,471,000 contributed positively to equity growth.
- Share repurchases of 330,103,000 reduced equity.
- Other comprehensive income decreased equity by 97,833,000.
- Other factors increased equity by 46,422,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $639.47 Million | +14.95% |
| Share Repurchases | $330.10 Million | -7.72% |
| Other Comprehensive Income | $-97.83 Million | -2.29% |
| Other Changes | $46.42 Million | +1.09% |
| Total Change | $- | 6.42% |
Book Value vs Market Value Analysis
This analysis compares Skechers USA Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 50.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4683.00x to 50.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.30 | $1412.60 | x |
| 1999-12-31 | $0.87 | $1412.60 | x |
| 2000-12-31 | $1.22 | $1412.60 | x |
| 2001-12-31 | $1.74 | $1412.60 | x |
| 2002-12-31 | $2.12 | $1412.60 | x |
| 2003-12-31 | $2.25 | $1412.60 | x |
| 2004-12-31 | $2.47 | $1412.60 | x |
| 2005-12-31 | $2.57 | $1412.60 | x |
| 2006-12-31 | $3.24 | $1412.60 | x |
| 2007-12-31 | $4.47 | $1412.60 | x |
| 2008-12-31 | $4.77 | $1412.60 | x |
| 2009-12-31 | $5.28 | $1412.60 | x |
| 2010-12-31 | $6.17 | $1412.60 | x |
| 2011-12-31 | $5.86 | $1412.60 | x |
| 2012-12-31 | $5.85 | $1412.60 | x |
| 2013-12-31 | $6.13 | $1412.60 | x |
| 2014-12-31 | $7.02 | $1412.60 | x |
| 2015-12-31 | $8.61 | $1412.60 | x |
| 2016-12-31 | $10.34 | $1412.60 | x |
| 2017-12-31 | $11.69 | $1412.60 | x |
| 2018-12-31 | $13.01 | $1412.60 | x |
| 2019-12-31 | $15.02 | $1412.60 | x |
| 2020-12-31 | $16.02 | $1412.60 | x |
| 2021-12-31 | $20.79 | $1412.60 | x |
| 2022-12-31 | $22.80 | $1412.60 | x |
| 2023-12-31 | $25.72 | $1412.60 | x |
| 2024-12-31 | $27.80 | $1412.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skechers USA Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.13%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.98x
- Recent ROE (14.95%) is below the historical average (15.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 88.09% | 6.55% | 2.55x | 5.28x | $21.63 Million |
| 1999 | 23.02% | 4.66% | 2.39x | 2.07x | $11.20 Million |
| 2000 | 32.64% | 6.48% | 2.22x | 2.26x | $30.35 Million |
| 2001 | 23.75% | 4.92% | 2.36x | 2.05x | $27.37 Million |
| 2002 | 18.14% | 4.98% | 1.95x | 1.86x | $21.11 Million |
| 2003 | -4.64% | -1.42% | 1.79x | 1.82x | $-37.43 Million |
| 2004 | 7.99% | 2.56% | 1.77x | 1.76x | $-5.94 Million |
| 2005 | 13.01% | 4.44% | 1.73x | 1.69x | $10.33 Million |
| 2006 | 15.81% | 5.89% | 1.64x | 1.64x | $26.09 Million |
| 2007 | 12.08% | 5.41% | 1.69x | 1.32x | $13.02 Million |
| 2008 | 8.28% | 3.84% | 1.65x | 1.31x | $-11.47 Million |
| 2009 | 7.33% | 3.80% | 1.44x | 1.33x | $-19.89 Million |
| 2010 | 14.99% | 6.78% | 1.54x | 1.44x | $45.33 Million |
| 2011 | -7.92% | -4.20% | 1.25x | 1.50x | $-152.74 Million |
| 2012 | 1.09% | 0.61% | 1.16x | 1.53x | $-78.08 Million |
| 2013 | 5.89% | 2.97% | 1.31x | 1.51x | $-38.24 Million |
| 2014 | 12.91% | 5.84% | 1.42x | 1.56x | $31.29 Million |
| 2015 | 17.47% | 7.37% | 1.54x | 1.54x | $99.16 Million |
| 2016 | 15.18% | 6.83% | 1.49x | 1.49x | $83.13 Million |
| 2017 | 9.80% | 4.30% | 1.52x | 1.50x | $-3.72 Million |
| 2018 | 14.79% | 6.49% | 1.44x | 1.59x | $97.55 Million |
| 2019 | 14.97% | 6.64% | 1.07x | 2.11x | $115.09 Million |
| 2020 | 3.97% | 2.14% | 0.79x | 2.34x | $-149.58 Million |
| 2021 | 22.75% | 11.75% | 0.97x | 1.99x | $415.57 Million |
| 2022 | 10.45% | 5.01% | 1.08x | 1.93x | $16.03 Million |
| 2023 | 13.58% | 6.82% | 1.06x | 1.88x | $143.86 Million |
| 2024 | 14.95% | 7.13% | 1.06x | 1.98x | $211.74 Million |
Industry Comparison
This section compares Skechers USA Inc's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $14,906,776,702
- Average return on equity (ROE) among peers: 15.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skechers USA Inc (SKX) | $5.38 Billion | 88.09% | 0.73x | $9.49 Billion |
| Adidas AG (ADDDF) | $7.06 Billion | 28.00% | 1.93x | $29.25 Billion |
| American Rebel Holdings Inc (AREB) | $-5.01 Million | 0.00% | 0.00x | $820.83K |
| American Rebel Holdings Inc. Warrants (AREBW) | $-646.27K | 0.00% | 0.00x | $10.11K |
| ASICS Corporation (ASCCF) | $138.08 Billion | 9.97% | 0.77x | $14.51 Billion |
| Birkenstock Holding plc (BIRK) | $2.40 Billion | 3.13% | 1.01x | $2.66 Billion |
| Boss Holdings Inc (BSHI) | $18.59 Million | 4.22% | 0.25x | $144.31K |
| Eatware Inc (CHSH) | $3.45 Million | 18.93% | 0.33x | $0.97 |
| Crocs Inc (CROX) | $817.93 Million | 66.04% | 4.50x | $3.98 Billion |
| Designer Brands Inc (DBI) | $640.76 Million | 16.80% | 0.57x | $153.96 Million |
| Deckers Outdoor Corporation (DECK) | $57.10 Million | 7.88% | 0.31x | $14.69 Billion |