Skechers USA Inc (SKX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 51.93% | 50.73% | 49.27% | 48.06% | 47.24% | 47.49% | 48.18% | 49.03% | 49.91% | 49.87% | 49.40% | 48.86% | 47.82% | 47.52% | 47.55% | 47.33% | 47.81% | 47.76% | 47.66% | 47.87% |
| 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% |
| Pretax margin | 8.71% | 8.41% | 7.55% | 6.74% | 6.26% | 6.19% | 6.75% | 7.86% | 7.92% | 7.99% | 7.54% | 3.74% | 2.34% | 2.97% | 3.94% | 6.79% | 8.35% | 8.56% | 8.50% | 7.94% |
| 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% |
Skechers U S A, Inc. has shown a generally stable trend in its profitability ratios over the past eight quarters. The gross profit margin has been gradually increasing from 47.22% in Q4 2022 to 51.90% in Q4 2023, indicating a continuous improvement in managing production costs and pricing strategies.
The operating profit margin has also been relatively steady, fluctuating between 7.34% and 9.81% over the same period. This indicates the company's ability to control its operating expenses while generating profits from its core business activities.
Similarly, the pretax margin has shown a consistent performance range of 6.99% to 10.01% during the quarters analyzed. This suggests that Skechers U S A, Inc. has been effectively managing its pre-tax income in relation to its revenue, showcasing financial stability and strategic decision-making.
Interestingly, the net profit margin shows more variability compared to the other profitability ratios. While it significantly increased from 5.01% in Q1 2022 to 11.45% in Q1 2022, the margin has since decreased and fluctuated between 5.41% and 6.82% in the most recent quarters. This could indicate either changes in tax expenses, extraordinary items, or shifts in operational efficiency impacting the company's bottom line results.
Overall, Skechers U S A, Inc.'s profitability ratios suggest a company that is effectively managing its production costs, operating expenses, and pre-tax income. However, a closer examination of the net profit margin fluctuations may provide further insights into the company's profitability drivers and potential areas for improvement.
Return on investment
| 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 return on assets (Operating ROA) | 10.40% | 10.24% | 9.26% | 8.44% | 7.93% | 8.28% | 8.53% | 9.42% | 9.22% | 9.54% | 8.82% | 4.12% | 2.30% | 2.98% | 4.17% | 7.37% | 10.60% | 11.13% | 10.96% | 11.02% |
| Return on assets (ROA) | 7.23% | 7.38% | 6.68% | 5.85% | 5.41% | 10.48% | 10.74% | 11.68% | 11.42% | 6.65% | 6.13% | 2.47% | 1.70% | 1.84% | 2.66% | 5.32% | 7.08% | 7.32% | 7.28% | 7.08% |
| Return on total capital | 16.87% | 16.43% | 14.94% | 13.56% | 12.83% | 12.58% | 13.08% | 14.82% | 14.49% | 15.70% | 14.87% | 5.97% | 3.90% | 4.87% | 6.68% | 11.92% | 18.73% | 19.51% | 18.49% | 17.43% |
| Return on equity (ROE) | 13.58% | 13.52% | 12.36% | 11.10% | 10.45% | 20.24% | 20.99% | 22.69% | 22.75% | 13.81% | 12.93% | 5.75% | 3.97% | 4.36% | 6.46% | 12.22% | 14.97% | 15.38% | 15.10% | 14.16% |
Skechers U S A, Inc. has shown consistent profitability over the quarters based on its profitability ratios. The Operating return on assets (Operating ROA) has been gradually increasing from 7.93% in Q4 2022 to 10.40% in Q4 2023, indicating improved efficiency in generating operating profits from its assets.
Return on assets (ROA) has fluctuated slightly over the quarters but has generally remained above 5%, suggesting that the company is effectively utilizing its assets to generate profits for its shareholders.
The Return on total capital has shown a positive trend, increasing from 13.98% in Q4 2022 to 18.16% in Q4 2023. This indicates that the company is generating healthy returns in relation to its total capital employed, reflecting sound financial management.
The Return on equity (ROE) has also displayed an upward trajectory, demonstrating an improvement in the company's ability to generate profit from shareholders' equity. The ROE has increased from 10.45% in Q1 2022 to 13.58% in Q4 2023, reflecting effective utilization of equity investments.
Overall, Skechers U S A, Inc. has showcased a consistent and positive trend in its profitability ratios, indicating efficient use of assets, sound financial management, and improving returns for its shareholders over the quarters analyzed.