AutoZone Inc (AZO)

Return on assets (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
Net income (ttm)	US$ in thousands	2,662,427	2,625,060	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
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
ROA		15.50%	15.34%	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%

August 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,662,427K ÷ $17,176,500K
= 15.50%

AutoZone Inc's return on assets (ROA) has exhibited fluctuations over the past several periods. The ROA has ranged from a low of 12.73% to a high of 17.11%. Overall, the company's ROA has generally been above 15%, indicating that for every dollar of assets, AutoZone generated a profit ranging from 12.73 cents to 17.11 cents.

It is important to note that the ROA trend has shown some variability, suggesting potential changes in the company's asset management efficiency and profitability. For example, there was a significant decrease in ROA from 17.11% to 15.79% between May 7, 2022, and Aug 28, 2021. However, the ROA recovered to 16.56% on May 8, 2022.

Overall, while the ROA of AutoZone Inc has seen fluctuations, the company has generally maintained a healthy level of profitability relative to its asset base. Monitoring future ROA trends will be crucial in assessing the company's ability to generate profits from its assets effectively.