Return on Assets (ROA)
since 2005
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AutoZone Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
AutoZone Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Aug 26, 2023 | = | 100 | × | ÷ | |||
| Aug 27, 2022 | = | 100 | × | ÷ | |||
| Aug 28, 2021 | = | 100 | × | ÷ | |||
| Aug 29, 2020 | = | 100 | × | ÷ | |||
| Aug 31, 2019 | = | 100 | × | ÷ | |||
| Aug 25, 2018 | = | 100 | × | ÷ | |||
| Aug 26, 2017 | = | 100 | × | ÷ | |||
| Aug 27, 2016 | = | 100 | × | ÷ | |||
| Aug 29, 2015 | = | 100 | × | ÷ | |||
| Aug 30, 2014 | = | 100 | × | ÷ | |||
| Aug 31, 2013 | = | 100 | × | ÷ | |||
| Aug 25, 2012 | = | 100 | × | ÷ | |||
| Aug 27, 2011 | = | 100 | × | ÷ | |||
| Aug 28, 2010 | = | 100 | × | ÷ | |||
| Aug 29, 2009 | = | 100 | × | ÷ | |||
| Aug 30, 2008 | = | 100 | × | ÷ | |||
| Aug 25, 2007 | = | 100 | × | ÷ | |||
| Aug 26, 2006 | = | 100 | × | ÷ | |||
| Aug 27, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
1 US$ in thousands
The financial data reveals a consistent upward trend in net income over the observed periods. Starting at approximately 571 million USD in 2005, net income rose steadily each year, reaching around 2.53 billion USD by 2023. This growth indicates a strong enhancement in profitability, with particularly notable acceleration post-2018.
Total assets also display a continuous increase throughout the years. Beginning at roughly 4.25 billion USD in 2005, total assets grew steadily to nearly 16 billion USD by 2023. The substantial jump between 2019 and 2020 suggests significant asset acquisition or expansion activities during that period.
Return on assets (ROA), expressed as a percentage, fluctuated moderately but remained generally stable in a range between 12% and 16% over the timeframe. The initial years reflect a slight decline from around 13.45% in 2005 to a low point near 12.2% in 2008, followed by a gradual recovery and variability. ROA peaked at 16.34% in 2019, then experienced a dip in 2020, before rising again in subsequent years to finish near 15.82% in 2023. This pattern suggests effective asset utilization with occasional fluctuations possibly tied to broader economic or operational factors.
Overall, the data indicates a robust growth trajectory in both net income and total assets, accompanied by a relatively stable return on assets. The continued increase in net income outpacing asset growth in certain periods reflects improving operational efficiency and profitability.
Comparison to Competitors
AutoZone Inc., ROA, long-term trends, comparison to competitors
| AutoZone Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Aug 26, 2023 | |||||
| Aug 27, 2022 | |||||
| Aug 28, 2021 | |||||
| Aug 29, 2020 | |||||
| Aug 31, 2019 | |||||
| Aug 25, 2018 | |||||
| Aug 26, 2017 | |||||
| Aug 27, 2016 | |||||
| Aug 29, 2015 | |||||
| Aug 30, 2014 | |||||
| Aug 31, 2013 | |||||
| Aug 25, 2012 | |||||
| Aug 27, 2011 | |||||
| Aug 28, 2010 | |||||
| Aug 29, 2009 | |||||
| Aug 30, 2008 | |||||
| Aug 25, 2007 | |||||
| Aug 26, 2006 | |||||
| Aug 27, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
AutoZone Inc., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| AutoZone Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Aug 26, 2023 | ||
| Aug 27, 2022 | ||
| Aug 28, 2021 | ||
| Aug 29, 2020 | ||
| Aug 31, 2019 | ||
| Aug 25, 2018 | ||
| Aug 26, 2017 | ||
| Aug 27, 2016 | ||
| Aug 29, 2015 | ||
| Aug 30, 2014 | ||
| Aug 31, 2013 | ||
| Aug 25, 2012 | ||
| Aug 27, 2011 | ||
| Aug 28, 2010 | ||
| Aug 29, 2009 | ||
| Aug 30, 2008 | ||
| Aug 25, 2007 | ||
| Aug 26, 2006 | ||
| Aug 27, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).
Comparison to Industry (Consumer Discretionary)
AutoZone Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| AutoZone Inc. | Consumer Discretionary | |
|---|---|---|
| Aug 26, 2023 | ||
| Aug 27, 2022 | ||
| Aug 28, 2021 | ||
| Aug 29, 2020 | ||
| Aug 31, 2019 | ||
| Aug 25, 2018 | ||
| Aug 26, 2017 | ||
| Aug 27, 2016 | ||
| Aug 29, 2015 | ||
| Aug 30, 2014 | ||
| Aug 31, 2013 | ||
| Aug 25, 2012 | ||
| Aug 27, 2011 | ||
| Aug 28, 2010 | ||
| Aug 29, 2009 | ||
| Aug 30, 2008 | ||
| Aug 25, 2007 | ||
| Aug 26, 2006 | ||
| Aug 27, 2005 |
Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25), 10-K (reporting date: 2017-08-26), 10-K (reporting date: 2016-08-27), 10-K (reporting date: 2015-08-29), 10-K (reporting date: 2014-08-30), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-25), 10-K (reporting date: 2011-08-27), 10-K (reporting date: 2010-08-28), 10-K (reporting date: 2009-08-29), 10-K (reporting date: 2008-08-30), 10-K (reporting date: 2007-08-25), 10-K (reporting date: 2006-08-26), 10-K (reporting date: 2005-08-27).