AutoZone Inc (AZO)

Net 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
Net income (ttm)	US$ in thousands	2,621,057	2,582,571	2,528,426	2,473,628	2,418,476	2,413,687	2,429,604	2,405,332	2,408,925	2,283,116	2,170,314	2,125,000	1,871,732	1,876,124	1,998,919	1,664,411	1,616,153	1,617,221	1,452,275	1,413,047
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
Net profit margin		14.70%	14.62%	14.48%	14.45%	14.32%	14.57%	14.95%	15.21%	15.44%	15.08%	14.84%	14.90%	13.98%	14.14%	14.17%	13.48%	13.45%	13.63%	12.70%	12.49%

February 10, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,621,057K ÷ $17,830,570K
= 14.70%

The net profit margin of AutoZone Inc has shown fluctuation over the past few quarters. It ranged between 12.49% to 15.44% during the period provided. The net profit margin is a measure of the company's profitability, representing the percentage of revenue that translates into profit after all expenses have been deducted.

The highest net profit margin of 15.44% was recorded in February 12, 2022, indicating that AutoZone Inc was able to effectively control its costs and generate higher profits relative to revenue during that period. On the other hand, the lowest net profit margin of 12.49% occurred in November 23, 2019, which might suggest challenges in managing expenses or declining revenue relative to costs during that time.

Overall, AutoZone Inc's net profit margins have mostly been above 13%, demonstrating consistent profitability. However, the fluctuations observed suggest that the company may experience varying levels of efficiency in managing its expenses and revenue generation over different quarters. Further analysis of the underlying factors driving these fluctuations would be needed to provide a more detailed assessment of the company's financial performance over time.