AutoZone Inc (AZO)
Return on equity (ROE)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,662,430 | 2,528,430 | 2,429,600 | 2,170,310 | 1,732,970 |
| Total stockholders’ equity | US$ in thousands | -4,749,610 | -4,349,890 | -3,538,910 | -1,797,540 | -877,977 |
| ROE | — | — | — | — | — |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,662,430K ÷ $-4,749,610K
= —
To calculate AutoZone Inc's Return on Equity (ROE) for the fiscal years ending on August 31, the formula is:
ROE = Net Income / Shareholder's Equity
Unfortunately, the table does not provide the specific data for Net Income and Shareholder's Equity for the respective years, therefore, we are unable to compute the ROE. ROE is a key ratio that measures a company's profitability and efficiency in utilizing its shareholders' equity to generate earnings. It reflects how effectively the company is generating profits relative to the equity invested by shareholders. Without the necessary data points, a detailed analysis of AutoZone Inc's ROE over the specified years cannot be conducted.
Peer comparison
Aug 31, 2024