Skechers USA Inc (SKX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 696,748 | 466,123 | 495,628 | 107,066 | 435,313 |
| Revenue | US$ in thousands | 7,996,430 | 7,427,220 | 6,267,980 | 4,594,940 | 5,210,430 |
| Pretax margin | 8.71% | 6.28% | 7.91% | 2.33% | 8.35% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $696,748K ÷ $7,996,430K
= 8.71%
The pretax margin of Skechers U S A, Inc. has varied over the past five years, ranging from 3.37% in 2020 to 10.01% in 2023. The company experienced fluctuations in its ability to generate profits before taxes during this period. The pretax margin was relatively low in 2020, indicating lower profitability relative to revenues; however, it significantly improved in the following years. The highest pretax margin was observed in 2023 at 10.01%, reflecting a healthier financial performance in terms of profitability before accounting for taxes. Overall, the upward trend in the pretax margin from 2020 to 2023 suggests an improvement in Skechers U S A, Inc.'s efficiency in managing expenses and generating operating profits before tax deductions.
Peer comparison
Dec 31, 2023