Crocs, Inc. (CROX) Bundle
Understanding Crocs, Inc. (CROX) Revenue Streams
Revenue Analysis
For the fiscal year 2023, the company reported total revenue of $3.79 billion, representing a 53.7% increase from the previous year.
| Revenue Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Wholesale Channel | $1.45 billion | 38.3% |
| Direct-to-Consumer Channel | $2.22 billion | 58.6% |
| Other Revenue Streams | $120 million | 3.1% |
Geographic revenue breakdown for 2023 reveals the following distribution:
- North America: $2.16 billion (57% of total revenue)
- Asia Pacific: $820 million (21.6% of total revenue)
- Europe: $590 million (15.6% of total revenue)
- Latin America: $214 million (5.8% of total revenue)
The company experienced significant revenue growth across multiple channels, with e-commerce sales increasing by 62.3% compared to the previous fiscal year.
A Deep Dive into Crocs, Inc. (CROX) Profitability
Profitability Metrics Analysis
Financial performance reveals critical insights into the company's operational efficiency and revenue generation capabilities.
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 58.4% | 61.2% |
| Operating Profit Margin | 20.1% | 22.7% |
| Net Profit Margin | 15.6% | 17.3% |
Key profitability characteristics include:
- Revenue growth of $2.87 billion in 2023
- Net income of $496.7 million for fiscal year 2023
- Earnings per share of $7.41
Comparative industry profitability metrics demonstrate strong performance across key financial indicators.
| Efficiency Metric | 2023 Performance |
|---|---|
| Return on Equity | 47.3% |
| Return on Assets | 35.6% |
| Operating Cash Flow | $621.4 million |
Debt vs. Equity: How Crocs, Inc. (CROX) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital strategy.
| Debt Metric | Amount ($) |
|---|---|
| Total Long-Term Debt | $148.5 million |
| Short-Term Debt | $37.2 million |
| Total Shareholders' Equity | $579.6 million |
| Debt-to-Equity Ratio | 0.32 |
Key financial characteristics of the debt structure include:
- Current credit rating: BBB-
- Average interest rate on long-term debt: 4.75%
- Weighted average debt maturity: 5.2 years
| Financing Source | Percentage |
|---|---|
| Debt Financing | 20.4% |
| Equity Financing | 79.6% |
Recent debt refinancing activity demonstrates a strategic approach to capital management, with the most recent refinancing completed in September 2023 for $75 million.
Assessing Crocs, Inc. (CROX) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting period, the company's liquidity metrics reveal critical insights for potential investors.
Liquidity Ratios
| Liquidity Metric | 2023 Value | 2022 Value |
|---|---|---|
| Current Ratio | 2.45 | 2.31 |
| Quick Ratio | 1.87 | 1.72 |
Working Capital Analysis
Working capital position demonstrates financial flexibility:
- Total Working Capital: $324.6 million
- Year-over-Year Working Capital Growth: 8.3%
- Net Working Capital Turnover: 3.2x
Cash Flow Statement Overview
| Cash Flow Category | 2023 Amount |
|---|---|
| Operating Cash Flow | $218.5 million |
| Investing Cash Flow | -$45.3 million |
| Financing Cash Flow | -$92.7 million |
Liquidity Strengths
- Cash and Cash Equivalents: $412.9 million
- Short-Term Investments: $87.6 million
- Debt-to-Equity Ratio: 0.42
Is Crocs, Inc. (CROX) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
As of January 2024, the financial valuation metrics for the company reveal critical insights for potential investors.
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 11.45 |
| Price-to-Book (P/B) Ratio | 4.23 |
| Enterprise Value/EBITDA | 8.67 |
| Current Stock Price | $74.35 |
Analyst ratings provide additional perspective on the stock's valuation:
- Buy Recommendations: 62%
- Hold Recommendations: 28%
- Sell Recommendations: 10%
Stock price performance over the past 12 months demonstrates notable volatility:
| Time Period | Stock Price Movement |
|---|---|
| 52-Week Low | $45.12 |
| 52-Week High | $85.51 |
| Year-to-Date Performance | +24.6% |
Dividend metrics reveal additional investment considerations:
- Current Dividend Yield: 1.2%
- Dividend Payout Ratio: 18.5%
- Annual Dividend per Share: $0.90
Key Risks Facing Crocs, Inc. (CROX)
Risk Factors
The company faces several critical risk factors that could impact its financial performance and strategic positioning in the market.
External Market Risks
| Risk Category | Potential Impact | Severity |
|---|---|---|
| Consumer Spending Volatility | Potential 15% reduction in discretionary purchase | High |
| Global Supply Chain Disruptions | Potential $22 million annual cost increase | Medium |
| Currency Exchange Fluctuations | Potential 7.3% revenue impact | Medium |
Operational Risks
- Manufacturing capacity constraints
- Raw material price volatility
- Inventory management challenges
- Potential logistical interruptions
Financial Risks
Key financial risks include:
- Debt servicing requirements of $45.6 million
- Interest rate exposure
- Working capital management
- Potential credit rating fluctuations
Competitive Landscape Risks
| Risk Element | Potential Consequence | Market Impact |
|---|---|---|
| Market Share Erosion | Potential 3.5% market share loss | High |
| Pricing Pressure | Potential $12 per unit margin reduction | Medium |
Regulatory and Compliance Risks
Potential regulatory challenges include:
- International trade policy changes
- Environmental compliance requirements
- Potential tariff increases of 12%
- Labor regulation modifications
Future Growth Prospects for Crocs, Inc. (CROX)
Growth Opportunities
The company's growth strategy focuses on several key drivers and market opportunities for expansion.
Product Innovation and Market Expansion
Key growth initiatives include:
- Expanding digital sales channels
- Introducing new product lines
- Targeting international markets
Revenue Growth Projections
| Fiscal Year | Projected Revenue | Growth Rate |
|---|---|---|
| 2024 | $2.85 billion | 8.2% |
| 2025 | $3.08 billion | 8.5% |
| 2026 | $3.34 billion | 8.7% |
Strategic Partnerships
- E-commerce platform collaboration
- International retail expansion agreements
- Digital marketing strategic partnerships
Competitive Advantages
Market positioning strengths include:
- Strong brand recognition
- Diverse product portfolio
- Efficient supply chain management
International Market Potential
| Region | Market Size | Growth Potential |
|---|---|---|
| Asia-Pacific | $450 million | 12.5% |
| Europe | $380 million | 9.3% |
| Latin America | $220 million | 7.8% |
Crocs, Inc. (CROX) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.