PriceSmart Inc (PSMT)
Gross profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,819,410 | 3,553,130 | 3,132,830 | 122,046 | 116,568 |
| Revenue | US$ in thousands | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 | 3,223,920 |
| Gross profit margin | 87.11% | 87.38% | 86.55% | 3.67% | 3.62% |
August 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,819,410K ÷ $4,384,770K
= 87.11%
Based on the data provided, Pricesmart Inc.'s gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin stood at 17.21%, showing a mild increase compared to 2022 when it was 16.75%. However, it remains lower than the 17.81% recorded in 2021. In 2020 and 2019, the gross profit margin was 16.65% and 16.38% respectively. This indicates some volatility in the company's ability to generate profits from its sales after deducting the cost of goods sold. Further analysis and comparison with industry benchmarks may provide insights into the factors influencing these fluctuations in gross profit margin.
Peer comparison
Aug 31, 2023