AutoZone Inc (AZO)
Inventory turnover
| Aug 31, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,673,210 | 8,416,640 | 8,391,100 | 8,372,610 | 8,386,790 | 8,288,340 | 8,202,730 | 8,026,270 | 7,779,570 | 7,532,710 | 7,409,980 | 7,176,900 | 6,911,800 | 6,699,150 | 6,251,720 | 6,192,250 | 6,571,650 | 5,729,650 | 5,566,460 | 5,498,750 |
| Inventory | US$ in thousands | 6,155,220 | 6,155,300 | 5,970,180 | 5,774,470 | 5,764,140 | — | — | — | 5,638,000 | — | — | 4,768,260 | 4,639,810 | — | — | 4,628,330 | 4,473,280 | — | 4,463,120 | 4,319,110 |
| Inventory turnover | 1.41 | 1.37 | 1.41 | 1.45 | 1.45 | — | — | — | 1.38 | — | — | 1.51 | 1.49 | — | — | 1.34 | 1.47 | — | 1.25 | 1.27 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,673,210K ÷ $6,155,220K
= 1.41
AutoZone Inc's inventory turnover ratio has shown variability over the recent quarters. The inventory turnover for the most recent quarter, ending August 31, 2024, is 1.41, indicating that the company's inventory was sold and replaced approximately 1.41 times during the period. This suggests that AutoZone's inventory management efficiency has remained relatively stable compared to previous quarters, where turnover ratios ranged from 1.25 to 1.51.
A consistent or increasing trend in inventory turnover generally indicates effective inventory management practices, such as efficient purchasing, stocking, and sales strategies. However, a declining trend may point towards overstocking, slow-moving inventory, or potential issues with sales and demand forecasting.
It is worth noting that there are missing data points in the table, displayed as dashes ("-"), which indicate quarters for which inventory turnover information is not available. This lack of information makes it challenging to assess the complete trend and make a comprehensive analysis of AutoZone's inventory turnover performance over time.
In conclusion, while the available data suggests a relatively stable inventory turnover performance for AutoZone Inc, further analysis incorporating missing data points and other financial metrics could provide a more comprehensive understanding of the company's inventory management efficiency.
Peer comparison
Aug 31, 2024
Aug 31, 2024