Genuine Parts Co (GPC)

Operating 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
Operating income (ttm)	US$ in thousands	1,747,053	1,675,922	1,639,297	1,693,397	1,614,199	2,960,090	2,827,144	2,579,948	2,518,289	2,272,949	2,279,567	1,727,853	1,648,273	1,679,113	1,660,819	2,261,286	2,317,422	1,417,805	1,432,835	1,434,535
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
Operating profit margin		7.59%	7.27%	7.15%	7.46%	7.26%	13.82%	13.75%	13.13%	13.38%	12.44%	12.80%	10.26%	9.73%	9.90%	9.43%	12.08%	12.28%	7.40%	7.59%	7.65%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,747,053K ÷ $23,026,140K
= 7.59%

The operating profit margin of Genuine Parts Co. has been relatively stable over the past eight quarters, ranging from 6.22% to 7.57%. In the most recent quarter, Q4 2023, the operating profit margin was 7.57%, showing a slight improvement compared to the previous quarter. This indicates the company's ability to efficiently generate profits from its operations.

On average, Genuine Parts Co. has maintained an operating profit margin of around 7.30% over the past two years, demonstrating consistency in managing its operating expenses relative to its revenue. The company's ability to sustain a healthy operating profit margin suggests effective cost control measures and operational efficiency.

Overall, Genuine Parts Co.'s operating profit margin trend indicates a solid performance in utilizing its resources to generate operating profits, which is essential for sustaining long-term financial health and profitability.