AutoZone Inc (AZO)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	2,621,057	2,582,571	2,528,426	2,473,628	2,418,476	2,413,687	2,429,604	2,405,332	2,408,925	2,283,116	2,170,314	2,125,000	1,871,732	1,876,124	1,998,919	1,664,411	1,616,153	1,617,221	1,452,275	1,413,047
Total assets	US$ in thousands	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	9,773,740	9,745,100
ROA		15.68%	15.85%	15.82%	15.86%	15.56%	15.76%	15.91%	16.56%	17.11%	15.79%	14.95%	15.03%	13.22%	12.88%	13.86%	12.90%	12.73%	16.34%	14.86%	14.50%

February 10, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,621,057K ÷ $16,717,700K
= 15.68%

AutoZone Inc's return on assets (ROA) has shown variability over the past few quarters, ranging from 12.73% to 17.11%. The company's ROA peaked at 17.11% in February 12, 2022, indicating that AutoZone was efficient in generating profits relative to its total assets. However, the ROA decreased to 12.73% in November 21, 2020, before gradually increasing again.

On average, AutoZone's ROA has been relatively strong, with an average of 15.45% over the period analyzed. This suggests that AutoZone has been effective in utilizing its assets to generate profits for its shareholders. Investors may view this consistent performance positively, as a higher ROA indicates better utilization of assets in generating earnings. It is important to continue monitoring AutoZone's ROA to assess the company's ability to efficiently use its assets in the future.