PriceSmart Inc (PSMT)
Pretax margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 201,493 | 169,156 | 156,392 | 146,932 | 115,873 |
| Revenue | US$ in thousands | 4,893,960 | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 |
| Pretax margin | 4.12% | 3.86% | 3.85% | 4.06% | 3.48% |
August 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $201,493K ÷ $4,893,960K
= 4.12%
PriceSmart Inc's pretax margin has shown a gradual improvement over the past five years, with the pretax margin increasing from 3.48% in 2020 to 4.12% in 2024. This indicates that the company's ability to generate profits before taxes has been strengthening. Despite some fluctuations in the intervening years, the overall trend reflects a positive trajectory in the company's profitability. Maintaining and potentially further improving this metric could be beneficial for PriceSmart Inc's financial performance and shareholder value in the future.
Peer comparison
Aug 31, 2024
Company name
Symbol
Pretax margin
PriceSmart Inc
PSMT
4.12%
BJs Wholesale Club Holdings Inc
BJ
3.70%
Costco Wholesale Corp
COST
3.83%
Dollar General Corporation
DG
5.52%
Dollar Tree Inc
DLTR
-3.23%
Five Below Inc
FIVE
11.27%
Ollie's Bargain Outlet Hldg
OLLI
11.53%
Target Corporation
TGT
4.95%
Walmart Inc
WMT
3.25%