AutoZone Inc (AZO)

Gross profit margin

		Feb 10, 2024	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Nov 23, 2019	Aug 31, 2019	May 4, 2019	Feb 9, 2019
Gross profit (ttm)	US$ in thousands	9,439,470	9,289,820	9,070,420	8,826,600	8,686,880	8,542,110	8,472,650	8,284,640	8,193,180	7,967,330	7,717,790	7,562,930	7,138,630	7,080,320	7,535,100	6,614,140	6,448,600	6,365,000	6,142,480	6,073,430
Revenue (ttm)	US$ in thousands	17,830,570	17,662,420	17,457,210	17,114,950	16,889,630	16,568,400	16,252,230	15,817,350	15,603,150	15,144,220	14,629,580	14,262,070	13,390,350	13,272,570	14,106,750	12,343,790	12,015,060	11,863,750	11,434,080	11,311,220
Gross profit margin		52.94%	52.60%	51.96%	51.57%	51.43%	51.56%	52.13%	52.38%	52.51%	52.61%	52.75%	53.03%	53.31%	53.35%	53.41%	53.58%	53.67%	53.65%	53.72%	53.69%

February 10, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,439,470K ÷ $17,830,570K
= 52.94%

AutoZone Inc has demonstrated relatively stable gross profit margins over the given period, ranging from 51.43% to 53.72%. The highest gross profit margin was recorded in February 2019 at 53.72%, while the lowest was in May 2020 at 51.43%. Overall, the company has managed to maintain its gross profit margin above 50% consistently. This suggests that AutoZone Inc has been effectively managing its cost of goods sold and generating profits from its sales revenue. Investors and stakeholders may view this as a positive indication of the company's operational efficiency and profitability.