AutoZone Inc (AZO)
Operating profit margin
| Aug 31, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,788,707 | 3,714,527 | 3,672,827 | 3,599,562 | 3,473,991 | 3,355,301 | 3,282,490 | 3,239,273 | 3,270,725 | 3,210,945 | 3,228,780 | 3,083,787 | 2,944,527 | 2,918,537 | 2,606,705 | 2,624,961 | 2,790,511 | 2,319,994 | 2,228,341 | 2,216,136 |
| Revenue (ttm) | US$ in thousands | 18,490,270 | 17,975,510 | 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 |
| Operating profit margin | 20.49% | 20.66% | 20.60% | 20.38% | 19.90% | 19.60% | 19.43% | 19.55% | 20.12% | 20.30% | 20.69% | 20.36% | 20.13% | 20.46% | 19.47% | 19.78% | 19.78% | 18.79% | 18.55% | 18.68% |
August 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,788,707K ÷ $18,490,270K
= 20.49%
AutoZone Inc's operating profit margin has shown relatively stable performance over the past few years, ranging between 18.55% to 20.69%. The operating profit margin measures the efficiency of the company in generating profits from its core operations.
During the most recent period ending on August 31, 2024, the operating profit margin was 20.49%, indicating that for every dollar of sales, the company generated approximately $0.205 in operating profit. This suggests that AutoZone Inc has been able to effectively control its operating expenses relative to its revenue.
Overall, the trend in the operating profit margin for AutoZone Inc has been relatively consistent, hovering around the 20% mark. This stable performance indicates that the company has been managing its operating costs effectively while maintaining profitability. Further analysis of the company's operating expenses and revenue growth would provide additional insights into the drivers behind this margin performance.
Peer comparison
Aug 31, 2024