AutoZone Inc (AZO)
Operating profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 26, 2023 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,788,710 | 3,473,990 | 3,473,990 | 3,270,730 | 3,270,730 |
| Revenue | US$ in thousands | 18,490,300 | 17,457,200 | 17,457,200 | 16,252,200 | 16,252,200 |
| Operating profit margin | 20.49% | 19.90% | 19.90% | 20.12% | 20.12% |
August 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,788,710K ÷ $18,490,300K
= 20.49%
AutoZone Inc's operating profit margin has shown consistency and stability over the past five years. The company has consistently maintained healthy levels of profitability, with operating profit margins ranging from 19.14% to 20.49%. This indicates that AutoZone has been effectively managing its operating expenses in relation to its sales revenue during this period. The slight variations in the operating profit margin suggest that the company has been able to effectively control costs and maximize operational efficiency. Overall, AutoZone's operating profit margin reflects a solid performance in terms of generating profits from its operations.