Evaluating an annual report

Evaluating an Annual Report

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February 27 , 2009 CONTENTS

Page Number

1 Introduction 3

2 Company Overview 3

3 Ratio Analysis 4

4 Working Capital Management 7

5 Long-term liabilities and Stock position 8

6 W A C C 8

7 Conclusion 10

8 References 11 INTRODUCTION

This is an evaluation of the financial performance of Skechers Inc . This company is incorporated in the US and quoted on the NYSE . It

br is a designer and marketeer of its branded footwear for men , women and children under 8 different lines

This evaluation will not only determine the financial performance of the company over a period of time but also bring to light the key factors involved in it

COMPANY OVERVIEW

Skechers came into existence in 1992 when Robert Greenberg who also founded LA Gear was ousted from the LA Gear board . It is headquartered on Manhattan Beach , California USA . Robert Greenberg along with his son as a distributor launched their first shoe line which comprised of utility styled boots and suede skate shoes . Initially it only distributed within the US , however later they made their prescence felt worldwide i .e . distributing in countries as diverse as Hong-Kong , Brazil and Italy

Later on they diversified into various styles of footwear stretching from Sneakers to Athletic shoes and also launched many lines of apparel which comprise mostly of T-shirts . Some of their famous brands being SOHO Lab , Rhino...