PriceSmart Inc (PSMT)
Pretax margin
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 169,156 | 156,392 | 146,932 | 115,873 | 110,751 |
| Revenue | US$ in thousands | 4,384,770 | 4,066,090 | 3,619,870 | 3,329,190 | 3,223,920 |
| Pretax margin | 3.86% | 3.85% | 4.06% | 3.48% | 3.44% |
August 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $169,156K ÷ $4,384,770K
= 3.86%
To analyze Pricesmart Inc.'s pretax margin over the past five years, we can see a fluctuation in the company's ability to generate profit before taxes. The pretax margin has ranged from 3.44% in 2019 to 4.06% in 2021. This indicates that the company's earnings before taxes have varied within a relatively narrow range, with a slight increase in 2021 compared to 2020. However, in 2023, the pretax margin decreased to 3.83%, showing a slight decline in profitability. Overall, the company has maintained a pretax margin in the range of 3.44% to 4.06% over the last five years, suggesting consistent but not significant fluctuations in its profitability before taxes.
Peer comparison
Aug 31, 2023