PriceSmart Inc (PSMT)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,271,120 | 3,819,410 | 3,553,130 | 3,132,830 | 122,046 |
| Revenue | US$ in thousands | 4,893,960 | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 |
| Gross profit margin | 87.27% | 87.11% | 87.38% | 86.55% | 3.67% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,271,120K ÷ $4,893,960K
= 87.27%
PriceSmart Inc's gross profit margin has shown a consistent upward trend over the past five years, reaching 87.27% as of August 31, 2024. This indicates that the company is effectively managing its costs of goods sold and generating a higher proportion of revenue as gross profit. The significant increase from the 2020 gross profit margin of 3.67% suggests a notable improvement in the company's operational efficiency and profitability. This upward trajectory in gross profit margin demonstrates PriceSmart's ability to maintain healthy margins and potentially strengthen its competitive position in the market.
Peer comparison
Aug 31, 2024