Skechers Net Tangible Assets vs Good Will Analysis
SKX Stock | USD 65.41 6.59 11.20% |
Skechers USA financial indicator trend analysis is much more than just breaking down Skechers USA prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Skechers USA is a good investment. Please check the relationship between Skechers USA Net Tangible Assets and its Good Will accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skechers USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.
Net Tangible Assets vs Good Will
Net Tangible Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skechers USA Net Tangible Assets account and Good Will. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Skechers USA's Net Tangible Assets and Good Will is 0.84. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Skechers USA, assuming nothing else is changed. The correlation between historical values of Skechers USA's Net Tangible Assets and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Skechers USA are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Tangible Assets i.e., Skechers USA's Net Tangible Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Skechers USA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Skechers USA current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skechers USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.At this time, Skechers USA's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 158.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 6.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 6.3B | 7.4B | 8.0B | 8.4B | Depreciation And Amortization | 139.6M | 153.7M | 181.9M | 191.0M |
Skechers USA fundamental ratios Correlations
Click cells to compare fundamentals
Skechers USA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Skechers USA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.9B | 5.8B | 6.5B | 6.9B | 7.5B | 7.9B | |
Short Long Term Debt Total | 1.3B | 2.0B | 1.7B | 1.6B | 2.0B | 2.1B | |
Other Current Liab | 210.2M | 208.7M | 265.4M | 294.1M | 320.1M | 336.1M | |
Total Current Liabilities | 1.2B | 1.2B | 1.4B | 1.6B | 1.7B | 1.7B | |
Total Stockholder Equity | 2.3B | 2.5B | 3.3B | 3.6B | 4.0B | 4.2B | |
Property Plant And Equipment Net | 1.8B | 2.1B | 2.4B | 2.5B | 2.8B | 2.9B | |
Net Debt | 453.5M | 633.6M | 865.7M | 1.0B | 834.1M | 875.8M | |
Retained Earnings | 2.0B | 2.1B | 2.9B | 3.3B | 3.8B | 4.0B | |
Accounts Payable | 764.8M | 744.1M | 876.3M | 957.4M | 709.1M | 374.6M | |
Cash | 824.9M | 1.4B | 796.3M | 615.7M | 1.1B | 1.2B | |
Non Current Assets Total | 2.1B | 2.5B | 3.1B | 3.2B | 3.6B | 3.8B | |
Non Currrent Assets Other | 45.7M | 95.3M | 75.1M | 83.1M | 136.1M | 142.9M | |
Cash And Short Term Investments | 936.9M | 1.5B | 894.9M | 717.9M | 1.3B | 1.3B | |
Net Receivables | 699.2M | 689.0M | 812.8M | 934.3M | 942.6M | 989.7M | |
Common Stock Shares Outstanding | 154.2M | 154.9M | 156.8M | 156.6M | 156.3M | 152.8M | |
Liabilities And Stockholders Equity | 4.9B | 5.8B | 6.5B | 6.9B | 7.5B | 7.9B | |
Non Current Liabilities Total | 1.1B | 1.9B | 1.5B | 1.4B | 1.5B | 1.6B | |
Inventory | 1.1B | 1.0B | 1.5B | 1.8B | 1.5B | 1.6B | |
Other Current Assets | 113.6M | 167.0M | 193.5M | 176.0M | 222.1M | 233.2M | |
Total Liab | 2.4B | 3.1B | 2.9B | 3.0B | 3.1B | 3.3B | |
Total Current Assets | 2.8B | 3.3B | 3.4B | 3.6B | 4.0B | 4.2B | |
Short Term Debt | 263.2M | 259.9M | 303.8M | 361.5M | 631.7M | 663.2M | |
Other Stockholder Equity | 306.7M | 372.2M | 429.6M | 403.8M | 295.8M | 296.5M | |
Property Plant And Equipment Gross | 1.8B | 2.1B | 2.4B | 2.5B | 3.7B | 3.9B | |
Accumulated Other Comprehensive Income | (30.0M) | (27.3M) | (48.3M) | (84.9M) | (73.4M) | (69.7M) | |
Other Assets | 194.7M | 1.4B | 526.5M | 537.3M | 617.9M | 648.8M | |
Long Term Debt | 49.2M | 679.4M | 263.4M | 216.5M | 242.9M | 128.6M | |
Property Plant Equipment | 738.9M | 935.4M | 2.4B | 2.5B | 2.9B | 3.1B | |
Short Term Investments | 112.0M | 100.8M | 98.6M | 102.2M | 113.9M | 119.6M | |
Net Tangible Assets | 2.3B | 2.4B | 3.2B | 3.5B | 4.0B | 2.0B | |
Noncontrolling Interest In Consolidated Entity | 154.3M | 221.4M | 244.2M | 282.7M | 325.1M | 341.4M | |
Retained Earnings Total Equity | 1.7B | 2.0B | 2.1B | 2.9B | 3.3B | 3.5B | |
Long Term Debt Total | 49.2M | 679.4M | 263.4M | 216.5M | 249.0M | 168.7M | |
Capital Surpluse | 306.7M | 372.2M | 429.6M | 403.8M | 464.4M | 412.6M |
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When determining whether Skechers USA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skechers USA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skechers Usa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skechers Usa Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skechers USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Skechers USA's price analysis, check to measure Skechers USA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skechers USA is operating at the current time. Most of Skechers USA's value examination focuses on studying past and present price action to predict the probability of Skechers USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skechers USA's price. Additionally, you may evaluate how the addition of Skechers USA to your portfolios can decrease your overall portfolio volatility.
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Is Skechers USA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skechers USA. If investors know Skechers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skechers USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.163 | Earnings Share 3.49 | Revenue Per Share 51.771 | Quarterly Revenue Growth 0.044 | Return On Assets 0.0681 |
The market value of Skechers USA is measured differently than its book value, which is the value of Skechers that is recorded on the company's balance sheet. Investors also form their own opinion of Skechers USA's value that differs from its market value or its book value, called intrinsic value, which is Skechers USA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skechers USA's market value can be influenced by many factors that don't directly affect Skechers USA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Skechers USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skechers USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skechers USA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.