AutoZone Inc (AZO)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,788,710 | 3,473,990 | 3,270,730 | 2,944,530 | 2,417,680 |
| Total assets | US$ in thousands | 17,176,500 | 15,985,900 | 15,275,000 | 14,516,200 | 14,423,900 |
| Operating ROA | 22.06% | 21.73% | 21.41% | 20.28% | 16.76% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,788,710K ÷ $17,176,500K
= 22.06%
AutoZone Inc's operating return on assets (operating ROA) has shown a consistent upward trend over the past five years, increasing from 16.76% in August 2020 to 22.06% in August 2024. This indicates that the company has been effectively utilizing its assets to generate operating income. The steady improvement in operating ROA demonstrates the company's ability to efficiently manage its operations and generate profit relative to its asset base. AutoZone's increasing operating ROA suggests improving operational efficiency and profitability over the years, which is a positive indicator of the company's financial health and performance.
Peer comparison
Aug 31, 2024