Genuine Parts Co (GPC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,316,520 | 1,182,700 | 898,790 | -29,102 | 621,085 |
| Revenue | US$ in thousands | 23,026,100 | 22,227,700 | 18,747,300 | 16,432,400 | 19,255,100 |
| Net profit margin | 5.72% | 5.32% | 4.79% | -0.18% | 3.23% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,316,520K ÷ $23,026,100K
= 5.72%
Genuine Parts Co.'s net profit margin has shown varying trends over the past five years, with fluctuations observed annually. The net profit margin has generally been positive, indicating the company's ability to generate profits relative to its revenue.
In 2023, the net profit margin improved to 5.70%, reflecting a positive trend compared to the previous year's margin of 5.35%. This increase suggests that the company was able to effectively manage its expenses and generate higher profits relative to its sales.
In 2021 and 2019, Genuine Parts Co. also exhibited healthy net profit margins of 4.76% and 3.20%, respectively, indicating consistent profitability during those years.
However, in 2020, the company experienced a negative net profit margin of -0.18%, which could be attributed to challenges or extraordinary circumstances faced during that specific period.
Overall, Genuine Parts Co.'s net profit margin analysis shows a mix of positive and negative performances over the years, indicating fluctuations in the company's profitability levels. It is essential for stakeholders to monitor these trends closely to assess the company's financial health and performance.