PriceSmart Inc (PSMT)

Net profit margin

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Net income	US$ in thousands	109,205	104,534	97,963	78,109	73,191
Revenue	US$ in thousands	4,384,770	4,066,090	3,619,870	3,329,190	3,223,920
Net profit margin		2.49%	2.57%	2.71%	2.35%	2.27%

August 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $109,205K ÷ $4,384,770K
= 2.49%

The net profit margin of Pricesmart Inc. has fluctuated over the past five years, ranging from 2.25% in 2019 to 2.67% in 2021. The net profit margin measures the company's profitability as a percentage of its total revenue, indicating its ability to generate profit from its operations.

While the net profit margin decreased slightly in 2020 to 2.32%, it remained relatively stable in the following years, recording 2.54% in 2022 and 2.48% in 2023. Overall, the net profit margin reflects the company's efficiency in managing costs and generating profits, with the fluctuations possibly influenced by various factors such as changes in costs, pricing strategies, or economic conditions.