AutoZone Inc (AZO)

Fixed asset turnover

Aug 26, 2023 Aug 27, 2022 Aug 28, 2021 Aug 29, 2020 Aug 31, 2019
Revenue US$ in thousands 17,457,200 16,252,200 14,629,600 12,632,000 11,863,700
Property, plant and equipment US$ in thousands 5,596,550 5,170,420 4,856,890 4,509,220 4,398,750
Fixed asset turnover 3.12 3.14 3.01 2.80 2.70

August 26, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,457,200K ÷ $5,596,550K
= 3.12

The fixed asset turnover ratio for Autozone Inc. has shown a steady increase from 2.70 in 2019 to 3.12 in 2023. This indicates that the company has become more efficient in generating sales revenue from its fixed assets over the years. The upward trend suggests that Autozone Inc. has been utilizing its fixed assets more effectively to generate sales, which can be a positive indicator of operational efficiency and asset utilization. It may be inferred that the company's investment in fixed assets has been contributing effectively to its revenue generation. Overall, the increasing trend in fixed asset turnover reflects positively on Autozone Inc.'s operational performance and asset management.


Peer comparison

Aug 26, 2023


See also:

AutoZone Inc Net Fixed Asset Turnover