Skechers USA Inc (SKX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,767,440 | 4,152,400 | 3,515,360 | 3,099,210 | 2,189,780 |
| Revenue | US$ in thousands | 8,969,350 | 8,000,340 | 7,444,550 | 6,285,030 | 4,597,410 |
| Gross profit margin | 53.15% | 51.90% | 47.22% | 49.31% | 47.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,767,440K ÷ $8,969,350K
= 53.15%
Skechers USA Inc has demonstrated a positive trend in its gross profit margin over the five-year period from 2020 to 2024. The gross profit margin increased from 47.63% in 2020 to 53.15% in 2024, indicating an improvement in the company's ability to generate profits from its core operations.
The rise in the gross profit margin suggests that Skechers has effectively managed its production costs and sales pricing strategies during this period. This can be seen as a positive indicator of the company's efficiency in controlling direct costs related to manufacturing and delivering its products.
The peak gross profit margin of 53.15% in 2024 reflects Skechers' ability to maintain a healthy margin between its revenue and cost of goods sold, showcasing the company's strength in generating profits before accounting for other operating expenses.
Overall, the consistent growth in Skechers USA Inc's gross profit margin illustrates its competitive positioning and operational effectiveness in the footwear industry during the analyzed period.
Peer comparison
Dec 31, 2024