AutoZone Inc (AZO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,788,707 | 3,714,527 | 3,672,827 | 3,599,562 | 3,473,991 | 3,355,301 | 3,282,490 | 3,239,273 | 3,270,725 | 3,210,945 | 3,228,780 | 3,083,787 | 2,944,527 | 2,918,537 | 2,606,705 | 2,624,961 | 2,790,511 | 2,319,994 | 2,228,341 | 2,216,136 |
| Total assets | US$ in thousands | 17,176,500 | 17,108,400 | 16,717,700 | 16,292,600 | 15,985,900 | 15,597,900 | 15,545,100 | 15,315,900 | 15,275,000 | 14,520,600 | 14,078,500 | 14,460,900 | 14,516,200 | 14,137,900 | 14,160,000 | 14,568,600 | 14,423,900 | 12,902,100 | 12,700,500 | 9,895,910 |
| Operating ROA | 22.06% | 21.71% | 21.97% | 22.09% | 21.73% | 21.51% | 21.12% | 21.15% | 21.41% | 22.11% | 22.93% | 21.33% | 20.28% | 20.64% | 18.41% | 18.02% | 19.35% | 17.98% | 17.55% | 22.39% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,788,707K ÷ $17,176,500K
= 22.06%
AutoZone Inc's operating return on assets (ROA) has shown fluctuations over the analyzed periods. The operating ROA has ranged from 17.55% to 22.93% during the period from August 31, 2019, to August 31, 2024. Overall, the operating ROA has been relatively strong, with the highest value recorded at 22.93% on February 12, 2022.
The operating ROA peaked at 22.93% on February 12, 2022, which indicates that the company generated significant operating profits relative to its assets during that period. However, there were some periods where the operating ROA decreased, such as on February 13, 2021, where it was lower at 18.02%.
The average operating ROA over the period analyzed is approximately 21.15%. This indicates that, on average, AutoZone Inc has been able to generate a return of about 21.15% on its operating assets during the period under review.
It is important for stakeholders to monitor the company's operating ROA as it provides insights into how efficiently AutoZone Inc is utilizing its assets to generate operating profits. The fluctuations observed in the operating ROA suggest that the company's operational efficiency and profitability may have varied during the analyzed periods.
Peer comparison
Aug 31, 2024