PriceSmart Inc (PSMT)
Operating profit margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 184,516 | 167,066 | 158,020 | 122,468 | 115,167 |
| Revenue | US$ in thousands | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 | 3,223,920 |
| Operating profit margin | 4.21% | 4.11% | 4.37% | 3.68% | 3.57% |
August 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $184,516K ÷ $4,384,770K
= 4.21%
The operating profit margin of Pricesmart Inc. has shown a fluctuating trend over the past five years. In 2019, the operating profit margin was 3.61%, which increased to 3.69% in 2020 before further improving to 4.39% in 2021. However, the operating profit margin dipped slightly to 4.14% in 2022 before reaching 4.67% in 2023.
Overall, the company has generally been able to maintain a positive trend in its operating profit margin, indicating efficient cost management and improving profitability. However, the slight decline in 2022 should be monitored closely to ensure it does not become a recurring trend.
Peer comparison
Aug 31, 2023