AutoZone Inc (AZO)

Working capital 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 current assets	US$ in thousands	7,306,760	7,289,450	7,157,060	6,956,800	6,779,430	6,708,870	6,794,800	6,633,120	6,627,980	6,254,720	5,903,770	6,349,150	6,415,300	6,224,400	6,326,840	6,836,800	6,811,870	5,397,990	5,156,980	5,028,680
Total current liabilities	US$ in thousands	8,714,240	9,192,590	8,772,610	8,785,620	8,511,860	8,464,950	8,614,620	8,708,990	8,588,390	8,064,080	7,684,640	8,087,890	7,369,750	7,013,250	6,804,270	6,456,700	6,283,090	5,769,080	5,868,240	5,512,140
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	34.92	26.68	—	—	—

August 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $18,490,270K ÷ ($7,306,760K – $8,714,240K)
= —

The working capital turnover ratio for AutoZone Inc was not reported for the majority of the periods provided. However, as of November 21, 2020, the working capital turnover ratio was 34.92, indicating that the company generated $34.92 in net sales for every dollar of working capital invested during that period. This suggests that AutoZone efficiently utilized its working capital to generate revenue.

Unfortunately, the ratio was not available for the rest of the periods listed, so we are unable to provide a trend or comparative analysis. It would be valuable to have more data points to assess the consistency and effectiveness of AutoZone's working capital management over time.