Genuine Parts Co (GPC)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,316,524 | 1,251,625 | 1,212,785 | 1,240,820 | 1,182,701 | 1,186,724 | 1,102,951 | 926,918 | 898,790 | 813,995 | 812,941 | 52,073 | -29,102 | -191,388 | -191,432 | 597,370 | 621,085 | 798,866 | 791,606 | 794,148 |
| Revenue (ttm) | US$ in thousands | 23,026,140 | 23,066,460 | 22,914,730 | 22,701,150 | 22,227,680 | 21,420,010 | 20,566,850 | 19,649,510 | 18,820,380 | 18,268,760 | 17,809,170 | 16,839,300 | 16,932,210 | 16,960,510 | 17,604,750 | 18,717,950 | 18,865,300 | 19,161,370 | 18,870,670 | 18,755,300 |
| Net profit margin | 5.72% | 5.43% | 5.29% | 5.47% | 5.32% | 5.54% | 5.36% | 4.72% | 4.78% | 4.46% | 4.56% | 0.31% | -0.17% | -1.13% | -1.09% | 3.19% | 3.29% | 4.17% | 4.19% | 4.23% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,316,524K ÷ $23,026,140K
= 5.72%
The net profit margin of Genuine Parts Co. has displayed some fluctuations over the past eight quarters, ranging from 4.71% to 5.70%. In Q4 2023, the net profit margin was 5.70%, exhibiting a slight increase compared to the previous quarter. This indicates that the company generated $0.057 in net income for every dollar of sales during this period.
While the net profit margin remained relatively stable around the 5.3% to 5.6% range in the recent quarters, it saw a notable improvement in Q4 2023. This could be due to various factors such as cost management, revenue growth, or efficiency improvements within the company. Overall, Genuine Parts Co. has maintained a decent level of profitability as evidenced by its net profit margins, although it experienced some fluctuations over the observed period.