• Skechers U.S.A average return on tangible equity for 2023 was 12.46, a 32.83% increase from 2022.
• Skechers U.S.A average return on tangible equity for 2022 was 18.55, a 30.08% decline from 2021.
• Skechers U.S.A average return on tangible equity for 2021 was 14.26, a 118.71% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.