Skechers USA Inc (SKX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 784,786 | 546,670 | 598,187 | 133,684 | 518,443 |
| Revenue | US$ in thousands | 7,996,430 | 7,427,220 | 6,267,980 | 4,594,940 | 5,210,430 |
| Operating profit margin | 9.81% | 7.36% | 9.54% | 2.91% | 9.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $784,786K ÷ $7,996,430K
= 9.81%
The operating profit margin of Skechers U S A, Inc. has shown fluctuations over the past five years, ranging from a low of 2.56% in 2020 to a high of 9.81% in 2023. The most recent figure of 9.81% in 2023 represents an improvement compared to the prior year's margin of 7.34% in 2022.
The company's operating profit margin was relatively stable around the 9% range in both 2021 and 2019. However, there was a notable decline in the margin to 2.56% in 2020, reflecting a significant challenge or downturn in profitability during that year.
Overall, fluctuations in the operating profit margin of Skechers U S A, Inc. suggest varying levels of operational efficiency and profitability over the years, which may be influenced by factors such as changes in costs, pricing strategies, sales volume, or overall market conditions. Further analysis of the underlying financial performance and operational dynamics could provide more insights into the drivers behind these fluctuations and help assess the company's financial health and performance sustainability.
Peer comparison
Dec 31, 2023