AutoZone Inc (AZO)

Operating 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
Operating income (ttm)	US$ in thousands	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	2,026,600	2,024,842
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
Operating profit margin		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%	17.72%	17.90%

February 10, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,672,827K ÷ $17,830,570K
= 20.60%

AutoZone Inc's operating profit margin has shown relatively stable performance over the periods provided in the table. The operating profit margin ranged from a low of 17.72% to a high of 20.69%. The company maintained an average operating profit margin of approximately 19.86% over these periods.

The steady operating profit margin indicates that AutoZone Inc has been effectively managing its operating expenses relative to its revenue generation. This stability suggests that the company has maintained a consistent level of efficiency in controlling costs and optimizing its operations.

Overall, the operating profit margin trend of AutoZone Inc reflects a solid operational performance, with the company consistently generating healthy profits from its core business activities.