Skechers USA Inc (SKX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 545,799 | 373,028 | 741,503 | 98,564 | 346,560 |
| Revenue | US$ in thousands | 7,996,430 | 7,427,220 | 6,267,980 | 4,594,940 | 5,210,430 |
| Net profit margin | 6.83% | 5.02% | 11.83% | 2.15% | 6.65% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $545,799K ÷ $7,996,430K
= 6.83%
Net profit margin measures the percentage of revenue that translates into net income, indicating the company's efficiency in generating profits after accounting for all expenses. Skechers U S A, Inc.'s net profit margin has fluctuated over the last five years, reflecting varying levels of profitability.
In 2023, the net profit margin improved to 6.82%, up from 5.01% in 2022. This increase suggests that the company was more effective in controlling costs or increasing revenue relative to the previous year.
The significant decline in net profit margin to 2.14% in 2021 is noteworthy, indicating a considerable decrease in profitability compared to the higher margin of 11.80% in 2020. This decline could result from various factors such as increased expenses or a drop in revenue during that period.
Prior to 2021, the trend in net profit margin was relatively stable, with margins around 6-7%, indicating consistent profitability levels for Skechers U S A, Inc.
Overall, Skechers U S A, Inc. has shown fluctuating net profit margins over the past five years, with the recent improvement in 2023 signaling a positive trend in profitability. Further analysis of the underlying reasons for these fluctuations would be necessary to assess the company's financial performance comprehensively.
Peer comparison
Dec 31, 2023