Skechers USA Inc (SKX)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,152,399 | 4,020,699 | 3,832,714 | 3,669,773 | 3,515,357 | 3,413,834 | 3,306,862 | 3,262,875 | 3,124,371 | 2,964,640 | 2,812,798 | 2,327,772 | 2,189,781 | 2,179,103 | 2,207,046 | 2,448,315 | 2,491,156 | 2,369,086 | 2,279,888 | 2,231,010 |
| Revenue (ttm) | US$ in thousands | 7,995,400 | 7,925,030 | 7,779,040 | 7,635,720 | 7,442,100 | 7,188,960 | 6,863,300 | 6,654,460 | 6,259,940 | 5,944,970 | 5,693,600 | 4,763,908 | 4,579,448 | 4,585,468 | 4,641,218 | 5,173,210 | 5,210,440 | 4,960,510 | 4,783,720 | 4,660,390 |
| Gross profit margin | 51.93% | 50.73% | 49.27% | 48.06% | 47.24% | 47.49% | 48.18% | 49.03% | 49.91% | 49.87% | 49.40% | 48.86% | 47.82% | 47.52% | 47.55% | 47.33% | 47.81% | 47.76% | 47.66% | 47.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,152,399K ÷ $7,995,400K
= 51.93%
Skechers U S A, Inc.'s gross profit margin has shown a generally positive trend over the past year. The fourth quarter of 2023 saw the highest gross profit margin at 51.90%, indicating that the company was able to effectively manage its production costs and generate a higher margin on its sales. This improvement is significant compared to the same period in the previous year, where the gross profit margin was 47.22%.
Overall, the company has demonstrated a consistent effort to enhance its profitability, as evidenced by the steady increase in gross profit margin from the first quarter of 2022 to the fourth quarter of 2023. This upward trajectory suggests that Skechers U S A, Inc. has been successful in controlling its cost of goods sold and optimizing its pricing strategies to improve its overall profitability. Investors and stakeholders can view this as a positive indicator of the company's operational efficiency and ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023