AutoZone Inc (AZO)

Working capital turnover

		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	May 4, 2019	Feb 9, 2019
Revenue (ttm)	US$ in thousands	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	11,434,080	11,311,220
Total current assets	US$ in thousands	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	4,971,340	4,997,070
Total current liabilities	US$ in thousands	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	5,316,890	5,334,300
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	34.92	26.68	—	—	—	—	—

February 10, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $17,830,570K ÷ ($7,157,060K – $8,772,610K)
= —

The working capital turnover ratio for AutoZone Inc has fluctuated over the past periods, with values of 34.92 in August 29, 2020, and 26.68 in November 21, 2020. Unfortunately, there are missing data points in the table, making it challenging to provide a comprehensive trend analysis. However, the high turnover ratios suggest that AutoZone Inc efficiently utilizes its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to support its operations and sales growth. Further analysis would be required with complete data to assess the consistency and efficiency of working capital management over time.