AutoZone Inc (AZO)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 26, 2023 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,817,050 | 9,070,420 | 9,070,420 | 8,472,650 | 8,472,650 |
| Revenue | US$ in thousands | 18,490,300 | 17,457,200 | 17,457,200 | 16,252,200 | 16,252,200 |
| Gross profit margin | 53.09% | 51.96% | 51.96% | 52.13% | 52.13% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,817,050K ÷ $18,490,300K
= 53.09%
AutoZone Inc's gross profit margin has shown slight fluctuations over the past five years. In the most recent fiscal year ending August 31, 2024, the gross profit margin stood at 53.09%, a slight increase from the previous year's 51.96%. This improvement suggests that the company was able to effectively manage its cost of goods sold while generating more revenue from its sales.
Looking back, the gross profit margin was relatively stable in the years leading up to 2024, with figures ranging from 52.13% to 53.60%. These consistent margins indicate that AutoZone Inc has maintained a healthy balance between its cost of goods sold and sales revenue over the years.
Overall, AutoZone Inc's gross profit margin performance reflects solid operational efficiency and effective cost management, albeit with some minor fluctuations. This consistency in managing the costs associated with producing goods suggests the company's ability to maintain profitability and generate sufficient gross profit from its core operations.