PriceSmart Inc (PSMT)
Pretax margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 185,006 | 176,025 | 169,156 | 173,904 | 161,347 | 159,398 | 156,392 | 151,124 | 154,701 | 151,902 | 146,932 | 144,758 | 132,596 | 128,097 | 115,873 | 119,394 | 120,519 | 117,730 | 110,751 | 105,462 |
| Revenue (ttm) | US$ in thousands | 4,645,640 | 4,498,230 | 4,392,180 | 4,301,670 | 4,240,670 | 4,145,550 | 4,066,096 | 3,954,332 | 3,818,786 | 3,717,795 | 3,619,871 | 3,520,846 | 3,425,513 | 3,394,679 | 3,329,188 | 3,319,907 | 3,308,532 | 3,256,222 | 3,223,918 | 3,200,484 |
| Pretax margin | 3.98% | 3.91% | 3.85% | 4.04% | 3.80% | 3.85% | 3.85% | 3.82% | 4.05% | 4.09% | 4.06% | 4.11% | 3.87% | 3.77% | 3.48% | 3.60% | 3.64% | 3.62% | 3.44% | 3.30% |
February 29, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $185,006K ÷ $4,645,640K
= 3.98%
The pretax margin of PriceSmart Inc has shown some variability over the past few quarters, ranging from a low of 3.30% in the third quarter of 2019 to a high of 4.11% in the first quarter of 2021. The pretax margin for the most recent quarter, ending on February 29, 2024, stands at 3.98%.
Overall, the pretax margin has generally remained within a relatively narrow range, indicating a consistent level of profitability before accounting for taxes. However, management should closely monitor any fluctuations in the pretax margin to ensure the company's profitability is sustainable and to identify any potential areas for improvement in operational efficiency or cost management.
Peer comparison
Feb 29, 2024