AutoZone Inc (AZO)
Operating profit margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,473,990 | 3,270,730 | 2,944,530 | 2,417,680 | 2,216,140 |
| Revenue | US$ in thousands | 17,457,200 | 16,252,200 | 14,629,600 | 12,632,000 | 11,863,700 |
| Operating profit margin | 19.90% | 20.12% | 20.13% | 19.14% | 18.68% |
August 26, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,473,990K ÷ $17,457,200K
= 19.90%
Autozone Inc.'s operating profit margin has remained relatively stable over the past five years. The margin decreased slightly from 20.13% in 2021 to 19.14% in 2020, but then increased to 20.12% in 2022 and 19.90% in 2023. This indicates that the company has been able to maintain a consistent level of profitability in relation to its revenue, with only modest fluctuations. It suggests that Autozone Inc. has been effectively managing its operating expenses and generating healthy profits from its core business operations. Overall, the trend in the operating profit margin demonstrates a certain level of stability and efficiency in the company's operations.
Peer comparison
Aug 26, 2023