AutoZone Inc (AZO)
Pretax margin
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,167,610 | 3,079,090 | 2,749,190 | 2,216,510 | 2,031,330 |
| Revenue | US$ in thousands | 17,457,200 | 16,252,200 | 14,629,600 | 12,632,000 | 11,863,700 |
| Pretax margin | 18.15% | 18.95% | 18.79% | 17.55% | 17.12% |
August 26, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,167,610K ÷ $17,457,200K
= 18.15%
The pretax margin for Autozone Inc. has shown a relatively stable performance over the past five years. In 2023, the pretax margin decreased slightly to 18.15% from 18.95% in 2022. However, compared to 2020 and 2019, the pretax margin has shown an overall improvement. This indicates that the company has been effective in managing its operating expenses and generating profits before taxes, which is a positive signal for investors and creditors. Overall, the pretax margin indicates the company's ability to generate earnings from its operations before accounting for tax expenses, and Autozone Inc. has demonstrated consistency and improvement in this aspect over the years.
Peer comparison
Aug 26, 2023