AutoZone Inc (AZO)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,490,270 | 17,975,510 | 17,830,570 | 17,662,420 | 17,457,210 | 17,114,950 | 16,889,630 | 16,568,400 | 16,252,230 | 15,817,350 | 15,603,150 | 15,144,220 | 14,629,580 | 14,262,070 | 13,390,350 | 13,272,570 | 14,106,750 | 12,343,790 | 12,015,060 | 11,863,750 |
| Total assets | US$ in thousands | 17,176,500 | 17,108,400 | 16,717,700 | 16,292,600 | 15,985,900 | 15,597,900 | 15,545,100 | 15,315,900 | 15,275,000 | 14,520,600 | 14,078,500 | 14,460,900 | 14,516,200 | 14,137,900 | 14,160,000 | 14,568,600 | 14,423,900 | 12,902,100 | 12,700,500 | 9,895,910 |
| Total asset turnover | 1.08 | 1.05 | 1.07 | 1.08 | 1.09 | 1.10 | 1.09 | 1.08 | 1.06 | 1.09 | 1.11 | 1.05 | 1.01 | 1.01 | 0.95 | 0.91 | 0.98 | 0.96 | 0.95 | 1.20 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,490,270K ÷ $17,176,500K
= 1.08
AutoZone Inc's total asset turnover ratio has fluctuated over the past few periods, ranging from 0.91 to 1.20. The ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets more effectively to generate sales.
From the data provided, we can observe some variation in the total asset turnover ratio, with peaks at 1.20 in May 2020 and lows at 0.91 in November 2020. Generally, the ratio has averaged around 1.05 to 1.10 in the recent periods, indicating a relatively stable performance in terms of asset utilization.
It is important to note that changes in the total asset turnover ratio can be influenced by various factors such as sales growth, asset management efficiency, and industry dynamics. Further analysis would be needed to determine the underlying reasons for the fluctuations in AutoZone Inc's total asset turnover ratio and to assess the company's overall operational efficiency.
Peer comparison
Aug 31, 2024