Stock Analysis on Net

AutoZone Inc. (NYSE:AZO)

This company has been moved to the archive! The financial data has not been updated since December 18, 2023.

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

AutoZone Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
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 Feb 15, 2020 Nov 23, 2019 Aug 31, 2019 May 4, 2019 Feb 9, 2019 Nov 17, 2018 Aug 25, 2018 May 5, 2018 Feb 10, 2018 Nov 18, 2017
Net fixed asset turnover 3.09 3.12 3.21 3.23 3.19 3.14 3.18 3.20 3.12 3.01 3.05 2.89 2.83 2.80 2.75 2.70 2.70 2.70 2.64 2.65 2.67 2.66
Net fixed asset turnover (including operating lease, right-of-use asset) 2.03 2.03 2.06 2.06 2.04 2.01 2.04 2.05 2.00 1.93 1.93 1.84 1.81 1.78 1.73 1.71 1.71 2.70 2.64 2.65 2.67 2.66
Total asset turnover 1.08 1.09 1.10 1.09 1.08 1.06 1.09 1.11 1.05 1.01 1.01 0.95 0.89 0.88 0.94 0.94 0.95 1.20 1.17 1.16 1.18 1.20
Equity turnover

Based on: 10-Q (reporting date: 2023-11-18), 10-K (reporting date: 2023-08-26), 10-Q (reporting date: 2023-05-06), 10-Q (reporting date: 2023-02-11), 10-Q (reporting date: 2022-11-19), 10-K (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-07), 10-Q (reporting date: 2022-02-12), 10-Q (reporting date: 2021-11-20), 10-K (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-08), 10-Q (reporting date: 2021-02-13), 10-Q (reporting date: 2020-11-21), 10-K (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-09), 10-Q (reporting date: 2020-02-15), 10-Q (reporting date: 2019-11-23), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-09), 10-Q (reporting date: 2018-11-17), 10-K (reporting date: 2018-08-25), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-10), 10-Q (reporting date: 2017-11-18).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. AutoZone Inc. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). AutoZone Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. AutoZone Inc. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Net Fixed Asset Turnover

AutoZone Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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 Feb 15, 2020 Nov 23, 2019 Aug 31, 2019 May 4, 2019 Feb 9, 2019 Nov 17, 2018 Aug 25, 2018 May 5, 2018 Feb 10, 2018 Nov 18, 2017
Selected Financial Data (US$ in thousands)
Net sales 4,190,277 5,690,619 4,090,541 3,690,982 3,985,067 5,348,354 3,865,222 3,369,750 3,668,904 4,913,483 3,651,023 2,910,818 3,154,261 4,545,967 2,779,299 2,513,663 2,793,038 3,988,436 2,783,006 2,450,568 2,641,733 3,558,768 2,660,152 2,413,026 2,589,131
Property and equipment, less accumulated depreciation and amortization 5,713,157 5,596,548 5,334,023 5,236,129 5,194,546 5,170,419 4,971,626 4,879,079 4,857,928 4,856,891 4,683,149 4,627,993 4,586,002 4,509,221 4,384,586 4,476,426 4,450,656 4,398,751 4,324,930 4,269,923 4,228,801 4,218,400 4,122,966 4,081,301 4,060,951
Long-term Activity Ratio
Net fixed asset turnover1 3.09 3.12 3.21 3.23 3.19 3.14 3.18 3.20 3.12 3.01 3.05 2.89 2.83 2.80 2.75 2.70 2.70 2.70 2.64 2.65 2.67 2.66
Benchmarks
Net Fixed Asset Turnover, Competitors2
Amazon.com Inc. 2.82 2.82 2.78 2.75 2.75 2.83 2.80 2.84 2.93 3.11 3.32 3.45 3.41 3.48 3.72 3.81 3.86
Home Depot Inc. 6.07 6.14 6.23 6.15 6.06 6.00 5.92 5.83 5.73 5.35 5.27 5.10 4.94 4.84 4.94 4.91 4.92 4.84
Lowe’s Cos. Inc. 5.50 5.53 5.55 5.10 5.05 5.05 5.03 4.97 4.95 4.68 4.57 4.32 4.00 3.86 3.91 3.94 3.95 3.87
TJX Cos. Inc. 8.53 8.63 8.84 9.21 9.43 9.21 8.84 8.46 7.46 6.38 6.67 6.61 7.08 7.83 7.74 7.94 7.88 7.42

Based on: 10-Q (reporting date: 2023-11-18), 10-K (reporting date: 2023-08-26), 10-Q (reporting date: 2023-05-06), 10-Q (reporting date: 2023-02-11), 10-Q (reporting date: 2022-11-19), 10-K (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-07), 10-Q (reporting date: 2022-02-12), 10-Q (reporting date: 2021-11-20), 10-K (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-08), 10-Q (reporting date: 2021-02-13), 10-Q (reporting date: 2020-11-21), 10-K (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-09), 10-Q (reporting date: 2020-02-15), 10-Q (reporting date: 2019-11-23), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-09), 10-Q (reporting date: 2018-11-17), 10-K (reporting date: 2018-08-25), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-10), 10-Q (reporting date: 2017-11-18).

1 Q1 2024 Calculation
Net fixed asset turnover = (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023) ÷ Property and equipment, less accumulated depreciation and amortization
= (4,190,277 + 5,690,619 + 4,090,541 + 3,690,982) ÷ 5,713,157 = 3.09

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. AutoZone Inc. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

AutoZone Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel
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 Feb 15, 2020 Nov 23, 2019 Aug 31, 2019 May 4, 2019 Feb 9, 2019 Nov 17, 2018 Aug 25, 2018 May 5, 2018 Feb 10, 2018 Nov 18, 2017
Selected Financial Data (US$ in thousands)
Net sales 4,190,277 5,690,619 4,090,541 3,690,982 3,985,067 5,348,354 3,865,222 3,369,750 3,668,904 4,913,483 3,651,023 2,910,818 3,154,261 4,545,967 2,779,299 2,513,663 2,793,038 3,988,436 2,783,006 2,450,568 2,641,733 3,558,768 2,660,152 2,413,026 2,589,131
 
Property and equipment, less accumulated depreciation and amortization 5,713,157 5,596,548 5,334,023 5,236,129 5,194,546 5,170,419 4,971,626 4,879,079 4,857,928 4,856,891 4,683,149 4,627,993 4,586,002 4,509,221 4,384,586 4,476,426 4,450,656 4,398,751 4,324,930 4,269,923 4,228,801 4,218,400 4,122,966 4,081,301 4,060,951
Operating lease right-of-use assets 2,998,672 2,998,097 2,959,488 2,943,844 2,922,148 2,918,817 2,764,631 2,743,771 2,717,566 2,718,712 2,694,846 2,660,667 2,607,019 2,581,677 2,613,849 2,579,217 2,585,105
Property and equipment, less accumulated depreciation and amortization (including operating lease, right-of-use asset) 8,711,829 8,594,645 8,293,511 8,179,973 8,116,694 8,089,236 7,736,257 7,622,850 7,575,494 7,575,603 7,377,995 7,288,660 7,193,021 7,090,898 6,998,435 7,055,643 7,035,761 4,398,751 4,324,930 4,269,923 4,228,801 4,218,400 4,122,966 4,081,301 4,060,951
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.03 2.03 2.06 2.06 2.04 2.01 2.04 2.05 2.00 1.93 1.93 1.84 1.81 1.78 1.73 1.71 1.71 2.70 2.64 2.65 2.67 2.66
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Amazon.com Inc. 2.08 2.07 2.04 2.03 2.03 2.10 2.09 2.13 2.17 2.30 2.51 2.61 2.56 2.59 2.80 2.85 2.87
Home Depot Inc. 4.78 4.83 4.95 4.95 4.90 4.85 4.79 4.70 4.63 4.31 4.29 4.14 3.96 3.89 3.95 3.90 3.93 4.84
Lowe’s Cos. Inc. 4.58 4.60 4.62 4.17 4.15 4.15 4.12 4.14 4.11 3.90 3.79 3.59 3.31 3.20 3.23 3.24 3.25 3.87
TJX Cos. Inc. 3.34 3.36 3.38 3.45 3.47 3.44 3.19 3.02 2.66 2.29 2.38 2.38 2.58 2.90 2.84 2.86 2.86 7.42

Based on: 10-Q (reporting date: 2023-11-18), 10-K (reporting date: 2023-08-26), 10-Q (reporting date: 2023-05-06), 10-Q (reporting date: 2023-02-11), 10-Q (reporting date: 2022-11-19), 10-K (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-07), 10-Q (reporting date: 2022-02-12), 10-Q (reporting date: 2021-11-20), 10-K (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-08), 10-Q (reporting date: 2021-02-13), 10-Q (reporting date: 2020-11-21), 10-K (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-09), 10-Q (reporting date: 2020-02-15), 10-Q (reporting date: 2019-11-23), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-09), 10-Q (reporting date: 2018-11-17), 10-K (reporting date: 2018-08-25), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-10), 10-Q (reporting date: 2017-11-18).

1 Q1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023) ÷ Property and equipment, less accumulated depreciation and amortization (including operating lease, right-of-use asset)
= (4,190,277 + 5,690,619 + 4,090,541 + 3,690,982) ÷ 8,711,829 = 2.03

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). AutoZone Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Total Asset Turnover

AutoZone Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
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 Feb 15, 2020 Nov 23, 2019 Aug 31, 2019 May 4, 2019 Feb 9, 2019 Nov 17, 2018 Aug 25, 2018 May 5, 2018 Feb 10, 2018 Nov 18, 2017
Selected Financial Data (US$ in thousands)
Net sales 4,190,277 5,690,619 4,090,541 3,690,982 3,985,067 5,348,354 3,865,222 3,369,750 3,668,904 4,913,483 3,651,023 2,910,818 3,154,261 4,545,967 2,779,299 2,513,663 2,793,038 3,988,436 2,783,006 2,450,568 2,641,733 3,558,768 2,660,152 2,413,026 2,589,131
Total assets 16,292,570 15,985,878 15,597,922 15,545,142 15,315,933 15,275,043 14,520,565 14,078,473 14,460,949 14,516,199 14,137,946 14,159,993 14,568,574 14,423,872 12,902,131 12,863,749 12,700,456 9,895,913 9,773,740 9,745,095 9,523,581 9,346,980 9,301,769 9,403,719 9,397,084
Long-term Activity Ratio
Total asset turnover1 1.08 1.09 1.10 1.09 1.08 1.06 1.09 1.11 1.05 1.01 1.01 0.95 0.89 0.88 0.94 0.94 0.95 1.20 1.17 1.16 1.18 1.20
Benchmarks
Total Asset Turnover, Competitors2
Amazon.com Inc. 1.09 1.14 1.13 1.13 1.11 1.17 1.16 1.16 1.12 1.20 1.23 1.30 1.20 1.23 1.25 1.34 1.25
Home Depot Inc. 2.04 2.06 2.05 2.05 1.99 2.10 2.02 2.04 1.95 1.87 1.88 1.88 1.91 2.15 2.12 2.12 2.13 2.46
Lowe’s Cos. Inc. 2.09 2.22 2.04 2.04 1.92 2.16 1.93 1.92 1.84 1.92 1.68 1.55 1.62 1.83 1.80 1.76 1.66 2.07
TJX Cos. Inc. 1.75 1.76 1.73 1.83 1.80 1.71 1.52 1.50 1.25 1.04 1.06 1.27 1.45 1.73 1.67 1.75 1.76 2.72

Based on: 10-Q (reporting date: 2023-11-18), 10-K (reporting date: 2023-08-26), 10-Q (reporting date: 2023-05-06), 10-Q (reporting date: 2023-02-11), 10-Q (reporting date: 2022-11-19), 10-K (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-07), 10-Q (reporting date: 2022-02-12), 10-Q (reporting date: 2021-11-20), 10-K (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-08), 10-Q (reporting date: 2021-02-13), 10-Q (reporting date: 2020-11-21), 10-K (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-09), 10-Q (reporting date: 2020-02-15), 10-Q (reporting date: 2019-11-23), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-09), 10-Q (reporting date: 2018-11-17), 10-K (reporting date: 2018-08-25), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-10), 10-Q (reporting date: 2017-11-18).

1 Q1 2024 Calculation
Total asset turnover = (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023) ÷ Total assets
= (4,190,277 + 5,690,619 + 4,090,541 + 3,690,982) ÷ 16,292,570 = 1.08

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. AutoZone Inc. total asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Equity Turnover

AutoZone Inc., equity turnover calculation (quarterly data)

Microsoft Excel
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 Feb 15, 2020 Nov 23, 2019 Aug 31, 2019 May 4, 2019 Feb 9, 2019 Nov 17, 2018 Aug 25, 2018 May 5, 2018 Feb 10, 2018 Nov 18, 2017
Selected Financial Data (US$ in thousands)
Net sales 4,190,277 5,690,619 4,090,541 3,690,982 3,985,067 5,348,354 3,865,222 3,369,750 3,668,904 4,913,483 3,651,023 2,910,818 3,154,261 4,545,967 2,779,299 2,513,663 2,793,038 3,988,436 2,783,006 2,450,568 2,641,733 3,558,768 2,660,152 2,413,026 2,589,131
Stockholders’ deficit (5,213,671) (4,349,894) (4,301,577) (4,184,170) (3,837,923) (3,538,913) (3,387,230) (3,137,477) (2,124,750) (1,797,536) (1,763,392) (1,523,573) (1,026,980) (877,977) (1,632,736) (1,711,119) (1,776,090) (1,713,851) (1,589,513) (1,594,362) (1,658,616) (1,520,355) (1,361,603) (1,330,547) (1,525,099)
Long-term Activity Ratio
Equity turnover1
Benchmarks
Equity Turnover, Competitors2
Amazon.com Inc. 2.85 3.03 3.19 3.40 3.52 3.65 3.70 3.57 3.40 3.80 3.86 4.06 4.13 4.20 4.36 4.54 4.52
Home Depot Inc. 430.25 100.77 121.18 655.02 142.70 69.80 80.86 40.05 81.84
Lowe’s Cos. Inc. 212.01 62.35 20.95 18.46 43.17 36.59 29.20 27.19 22.15 19.57
TJX Cos. Inc. 7.83 7.85 8.70 9.20 8.91 8.09 7.08 6.75 6.16 5.51 6.00 7.24 7.78 7.01 7.33 7.55 7.71 7.72

Based on: 10-Q (reporting date: 2023-11-18), 10-K (reporting date: 2023-08-26), 10-Q (reporting date: 2023-05-06), 10-Q (reporting date: 2023-02-11), 10-Q (reporting date: 2022-11-19), 10-K (reporting date: 2022-08-27), 10-Q (reporting date: 2022-05-07), 10-Q (reporting date: 2022-02-12), 10-Q (reporting date: 2021-11-20), 10-K (reporting date: 2021-08-28), 10-Q (reporting date: 2021-05-08), 10-Q (reporting date: 2021-02-13), 10-Q (reporting date: 2020-11-21), 10-K (reporting date: 2020-08-29), 10-Q (reporting date: 2020-05-09), 10-Q (reporting date: 2020-02-15), 10-Q (reporting date: 2019-11-23), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-09), 10-Q (reporting date: 2018-11-17), 10-K (reporting date: 2018-08-25), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-10), 10-Q (reporting date: 2017-11-18).

1 Q1 2024 Calculation
Equity turnover = (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023) ÷ Stockholders’ deficit
= (4,190,277 + 5,690,619 + 4,090,541 + 3,690,982) ÷ -5,213,671 =

2 Click competitor name to see calculations.