Skechers USA Inc (SKX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 545,799 | 534,132 | 474,603 | 412,248 | 373,028 | 699,935 | 717,188 | 764,153 | 741,503 | 392,363 | 353,502 | 148,036 | 98,564 | 104,814 | 143,626 | 286,903 | 346,560 | 334,405 | 322,043 | 292,147 |
| 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 |
| Net profit margin | 6.83% | 6.74% | 6.10% | 5.40% | 5.01% | 9.74% | 10.45% | 11.48% | 11.85% | 6.60% | 6.21% | 3.11% | 2.15% | 2.29% | 3.09% | 5.55% | 6.65% | 6.74% | 6.73% | 6.27% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $545,799K ÷ $7,995,400K
= 6.83%
Skechers U S A, Inc.'s net profit margin has shown fluctuation over the past eight quarters. In Q4 2023, the net profit margin was 6.82%, slightly higher compared to the previous quarter at 6.75%. The trend reflected a gradual increase in profitability from Q1 2023 (5.41%) to Q3 2023 (6.75%), before a slight dip in Q4 2023.
Comparing year-over-year data, Q4 2023 (6.82%) showed an improvement from the same period in 2022 (5.01%). However, the net profit margin had declined compared to Q3 and Q2 2022 where it stood at 9.70% and 10.41%, respectively. Similarly, a noticeable drop was observed compared to Q1 2022's net profit margin of 11.45%.
Overall, Skechers U S A, Inc.'s net profit margin has displayed variability over the quarters analyzed, suggesting the company's ongoing efforts to balance revenue generation and cost management in a competitive industry landscape. Further investigation into the company's operational efficiencies and cost structures may provide additional insights into the trends observed.
Peer comparison
Dec 31, 2023