Advance Auto Parts Inc (AAP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -335,788 | 29,735 | 464,402 | 596,615 | 493,021 |
| Revenue | US$ in thousands | 9,094,330 | 11,287,600 | 11,154,700 | 10,998,000 | 10,106,300 |
| Net profit margin | -3.69% | 0.26% | 4.16% | 5.42% | 4.88% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-335,788K ÷ $9,094,330K
= -3.69%
The net profit margin of Advance Auto Parts Inc has shown fluctuations over the past five years.
In 2020, the net profit margin was 4.88%, indicating that for every dollar of revenue generated, the company retained $0.0488 as profit. The margin increased to 5.42% in 2021, suggesting better profitability compared to the previous year. However, in 2022, it decreased to 4.16%, signaling a slight decline in profitability.
The most significant change occurred in 2023, where the net profit margin dropped significantly to 0.26%, indicating challenges in controlling costs or generating revenue. Furthermore, in 2024, the net profit margin turned negative at -3.69%, suggesting that the company incurred losses during that period.
Overall, the trend in the net profit margin of Advance Auto Parts Inc reflects both positive and negative fluctuations, indicating varying levels of profitability and financial performance over the five-year period.
Peer comparison
Dec 31, 2024