Total Asset Turnover
since 2005
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- 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., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| 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).
1 US$ in thousands
The analysis of the financial data over the reported periods reveals several discernible trends in key performance metrics.
- Net Sales
- Net sales exhibit a consistent upward trajectory throughout the span. Beginning at approximately 5.7 billion USD, sales figures progressively increase to over 17.4 billion USD by the final period. This steady growth indicates successful revenue expansion initiatives and possibly an increasing market presence or enhanced product offerings over time.
- Total Assets
- Total assets also demonstrate a growing trend, albeit with some variability. The asset base rises from roughly 4.2 billion USD to nearly 16 billion USD. Notably, there is a significant jump in assets between the periods ending in 2019 and 2020, suggesting possible substantial investments, acquisitions, or capital expenditures during this timeframe. This growth in assets supports the ability to sustain higher sales volumes and business expansion.
- Total Asset Turnover Ratio
- The total asset turnover ratio, a measure of efficiency in utilizing assets to generate sales, reveals a gradual decline in efficiency over the initial years, decreasing from 1.35 to around 1.18–1.20 in later years before a sharp dip to 0.88 in 2020. Following this downturn, the ratio recovers modestly to approximately 1.09 by the end of the reported periods. The initial declining trend may suggest that asset growth outpaced sales growth, reducing operational efficiency. The abrupt drop around 2020 may be attributable to external factors impacting sales or asset utilization, with subsequent partial recovery indicating adaptation or improvements in asset management post-2020.
Comparison to Competitors
AutoZone Inc., total asset turnover, 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., total asset turnover, 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., total asset turnover, 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).