AutoZone Inc (AZO)
Working capital turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 26, 2023 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,490,300 | 17,457,200 | 17,457,200 | 16,252,200 | 16,252,200 |
| Total current assets | US$ in thousands | 7,306,760 | 6,779,430 | 6,779,430 | 6,627,980 | 6,627,980 |
| Total current liabilities | US$ in thousands | 8,714,240 | 8,511,860 | 8,511,860 | 8,588,390 | 8,588,390 |
| Working capital turnover | — | — | — | — | — |
August 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $18,490,300K ÷ ($7,306,760K – $8,714,240K)
= —
The working capital turnover ratio for AutoZone Inc for the past five years is not available for the years 2024, 2023, 2022, and 2021. However, in 2020, the company had a working capital turnover ratio of 23.89. This indicates that AutoZone Inc generated $23.89 in revenue for every dollar of working capital invested in the business in 2020. It suggests that the company efficiently utilized its working capital to generate sales revenue. Without data for the subsequent years, it is challenging to provide a trend analysis or assess any changes in the efficiency of working capital utilization over time.