Skechers USA Inc (SKX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 784,786 | 741,130 | 657,918 | 594,343 | 546,670 | 553,095 | 569,371 | 616,423 | 598,187 | 562,844 | 508,723 | 246,542 | 133,684 | 170,047 | 225,337 | 397,389 | 518,443 | 508,058 | 484,554 | 454,831 |
| 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 |
| Operating profit margin | 9.82% | 9.35% | 8.46% | 7.78% | 7.35% | 7.69% | 8.30% | 9.26% | 9.56% | 9.47% | 8.93% | 5.18% | 2.92% | 3.71% | 4.86% | 7.68% | 9.95% | 10.24% | 10.13% | 9.76% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $784,786K ÷ $7,995,400K
= 9.82%
Skechers U S A, Inc.'s operating profit margin has experienced fluctuations over the past eight quarters. The lowest operating profit margin was observed in Q1 2023 at 7.79%, while the highest was recorded in Q4 2023 at 9.81%. Generally, the operating profit margin has shown a positive trend from Q1 2022 to Q4 2023, indicating improving profitability over this period.
Despite some variability, the company has maintained its operating profit margin above 7% in all quarters, demonstrating a consistent ability to generate earnings from its core operations. This suggests successful cost management and operational efficiency within Skechers U S A, Inc.
Overall, the improving trend in operating profit margin reflects positively on the company's profitability and operational performance, which may instill confidence in investors and stakeholders regarding the company's financial health. Monitoring future changes in the operating profit margin will be important to assess the company's ongoing operational efficiency and profitability levels.
Peer comparison
Dec 31, 2023