Skechers USA Inc (SKX)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,667,780 | 4,530,840 | 4,379,710 | 4,306,130 | 4,152,399 | 4,020,699 | 3,832,714 | 3,669,773 | 3,515,357 | 3,406,329 | 3,291,838 | 3,243,752 | 3,099,211 | 2,946,986 | 2,802,663 | 2,321,736 | 2,189,782 | 2,179,104 | 2,207,047 | 2,448,316 |
| Revenue (ttm) | US$ in thousands | 8,969,350 | 8,717,870 | 8,395,130 | 8,250,010 | 8,000,350 | 7,918,190 | 7,771,600 | 7,626,880 | 7,444,540 | 7,213,640 | 6,886,230 | 6,676,200 | 6,285,030 | 5,961,860 | 5,711,790 | 4,783,492 | 4,597,412 | 4,603,432 | 4,656,542 | 5,185,630 |
| Gross profit margin | 52.04% | 51.97% | 52.17% | 52.20% | 51.90% | 50.78% | 49.32% | 48.12% | 47.22% | 47.22% | 47.80% | 48.59% | 49.31% | 49.43% | 49.07% | 48.54% | 47.63% | 47.34% | 47.40% | 47.21% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,667,780K ÷ $8,969,350K
= 52.04%
Skechers USA Inc has displayed a consistent and generally stable gross profit margin over the past few years, fluctuating within a moderate range. The company's gross profit margin started at 47.21% as of March 31, 2020, and remained relatively steady around the mid to high 40s for the subsequent quarters of 2020 and 2021. Notably, there was a notable increase in the gross profit margin to 52.20% as of March 31, 2024.
Overall, the trend indicates an upward trajectory in the company's gross profit margin from March 31, 2022, through March 31, 2024. This upward trend suggests that Skechers USA Inc has been effectively managing its cost of goods sold and achieving better profitability in its core operations.
However, it's worth noting a slight dip in the gross profit margin in the most recent quarter, dropping to 52.04% as of December 31, 2024. This reversal could potentially be a signal of changing market conditions or operational challenges that Skechers USA Inc may need to address to sustain or improve its profitability in the future.
Peer comparison
Dec 31, 2024