AutoZone Inc (AZO)

Working capital turnover

		Aug 31, 2024	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020
Revenue	US$ in thousands	18,490,300	17,457,200	16,252,200	14,629,600	12,632,000
Total current assets	US$ in thousands	7,306,760	6,779,430	6,627,980	6,415,300	6,811,870
Total current liabilities	US$ in thousands	8,714,240	8,511,860	8,588,390	7,369,750	6,283,090
Working capital turnover		—	—	—	—	23.89

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.