AutoNation Inc (AN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,021,100 | 1,377,400 | 1,373,000 | 381,600 | 450,000 |
| Revenue | US$ in thousands | 26,948,900 | 26,985,000 | 25,844,000 | 20,390,000 | 21,335,700 |
| Net profit margin | 3.79% | 5.10% | 5.31% | 1.87% | 2.11% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,021,100K ÷ $26,948,900K
= 3.79%
The net profit margin of Autonation Inc. has fluctuated over the past five years, as depicted in the table below:
- Dec 31, 2023: 3.79%
- Dec 31, 2022: 5.10%
- Dec 31, 2021: 5.31%
- Dec 31, 2020: 1.87%
- Dec 31, 2019: 2.11%
The net profit margin represents the percentage of revenue that translates into profit for the company after accounting for all expenses. Autonation's net profit margin has ranged from a low of 1.87% in 2020 to a high of 5.31% in 2021. This variability suggests fluctuations in the company's profitability over the years.
The downward trend from 2019 to 2020 indicates a decrease in profitability, possibly due to higher operating expenses or lower revenue during that period. However, the subsequent increase in the net profit margin in 2021 and 2022 suggests improvements in the company's profitability, potentially driven by cost-cutting measures or revenue-generating strategies.
The most recent net profit margin of 3.79% in 2023 is lower than the levels observed in 2021 and 2022 but higher than the low point in 2020. This indicates that Autonation Inc. continues to generate profit from its operations, albeit at a slightly lower rate compared to the previous two years, which may require further analysis to understand the factors influencing this trend.
Peer comparison
Dec 31, 2023