Advance Auto Parts Inc (AAP)
Operating profit margin
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 114,378 | 319,115 | 551,089 | 628,399 | 642,923 | 715,951 | 789,858 | 838,717 | 878,081 | 905,694 | 923,611 | 749,907 | 724,220 | 639,737 | 547,664 | 677,179 | 635,293 | 617,206 | 613,975 | 604,276 |
| Revenue (ttm) | US$ in thousands | 11,284,210 | 11,292,080 | 11,214,340 | 11,895,070 | 10,872,760 | 11,024,650 | 11,032,730 | 10,996,300 | 10,959,250 | 10,879,950 | 10,731,910 | 10,099,420 | 9,853,800 | 9,623,980 | 9,454,850 | 9,709,010 | 9,701,470 | 9,664,340 | 9,658,740 | 9,580,550 |
| Operating profit margin | 1.01% | 2.83% | 4.91% | 5.28% | 5.91% | 6.49% | 7.16% | 7.63% | 8.01% | 8.32% | 8.61% | 7.43% | 7.35% | 6.65% | 5.79% | 6.97% | 6.55% | 6.39% | 6.36% | 6.31% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $114,378K ÷ $11,284,210K
= 1.01%
The operating profit margin of Advance Auto Parts Inc has shown a fluctuating trend over the periods indicated. The margin has varied between 1.01% and 8.61% during the past five years. There seems to be some variability in the company's ability to generate profits from its core operations. The highest operating profit margin of 8.61% was recorded in July 2021, while the lowest margin of 1.01% was observed in December 2023. Overall, despite fluctuations, the company has generally maintained a range of operating profit margins above 5%, indicating a reasonable level of profitability in relation to its operating expenses.
Peer comparison
Dec 31, 2023