Advance Auto Parts Inc (AAP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 114,377 | 670,253 | 838,717 | 749,907 | 677,180 |
| Revenue | US$ in thousands | 11,284,200 | 11,142,900 | 10,996,300 | 10,051,400 | 9,707,300 |
| Operating profit margin | 1.01% | 6.02% | 7.63% | 7.46% | 6.98% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $114,377K ÷ $11,284,200K
= 1.01%
The operating profit margin of Advance Auto Parts Inc has exhibited fluctuations over the past five years. The margin declined significantly from 7.46% in 2020 to 1.01% in 2023, indicating a notable decrease in profitability. The highest operating profit margin was observed in 2021 at 7.63%, followed by 6.98% in 2019.
The variations in the operating profit margin suggest potential changes in the company's cost structure, revenue generation, or operational efficiency. Further analysis is recommended to identify the factors influencing these fluctuations and to assess the overall financial performance and sustainability of Advance Auto Parts Inc.
Peer comparison
Dec 31, 2023