• Skechers U.S.A average return on tangible equity for 2023 was 13.16, a 19.56% decline from 2022.
• Skechers U.S.A average return on tangible equity for 2022 was 16.36, a 6.41% decline from 2021.
• Skechers U.S.A average return on tangible equity for 2021 was 17.48, a 308.41% decline 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.