Skechers Intangible Assets vs Non Current Assets Total Analysis
SKX Stock | USD 70.46 2.17 3.18% |
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 Intangible Assets and its Non Current Assets Total 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.
Intangible Assets vs Non Current Assets Total
Intangible Assets vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Skechers USA Intangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Skechers USA's Intangible Assets and Non Current Assets Total is 0.86. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total 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 Intangible Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Skechers USA are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Intangible Assets i.e., Skechers USA's Intangible Assets and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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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 0.304 | Earnings Share 3.8 | Revenue Per Share 53.579 | Quarterly Revenue Growth 0.125 | Return On Assets 0.0738 |
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.