Autozone Stock Return On Asset

AZO Stock

USD 2,938 27.99 0.96%

AutoZone fundamentals help investors to digest information that contributes to AutoZone's financial success or failures. It also enables traders to predict the movement of AutoZone Stock. The fundamental analysis module provides a way to measure AutoZone's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AutoZone stock.

Short Long Term Debt Total Total Assets

As of the 17th of April 2024, Return On Assets is likely to drop to 0.10.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

AutoZone Company Return On Asset Analysis

AutoZone's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current AutoZone Return On Asset

0.14

Most of AutoZone's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AutoZone is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

AutoZone Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for AutoZone is extremely important. It helps to project a fair market value of AutoZone Stock properly, considering its historical fundamentals such as Return On Asset. Since AutoZone's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AutoZone's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AutoZone's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		-0.81	0.97	-0.69	0.98	0.98	0.99	0.99	0.86	-0.44	0.39	-0.72	0.95	-0.74	0.94	0.91	0.49	-0.48	0.81	0.88	0.89	-0.93	0.38	0.81	-0.44	0.27	-0.69	-0.89
Total Stockholder Equity	-0.81		-0.91	0.82	-0.88	-0.88	-0.87	-0.77	-0.74	0.22	-0.37	0.61	-0.88	0.88	-0.88	-0.71	-0.14	0.87	-0.82	-0.7	-0.75	0.75	-0.34	-0.61	0.73	0.26	0.89	0.85
Net Debt	0.97	-0.91		-0.79	0.98	0.99	0.99	0.93	0.86	-0.38	0.35	-0.65	0.98	-0.82	0.97	0.88	0.35	-0.65	0.84	0.81	0.88	-0.87	0.37	0.79	-0.58	0.06	-0.79	-0.94
Retained Earnings	-0.69	0.82	-0.79		-0.73	-0.75	-0.74	-0.68	-0.55	0.15	-0.54	0.63	-0.85	0.48	-0.65	-0.48	-0.06	0.61	-0.78	-0.57	-0.64	0.56	-0.54	-0.59	0.34	0.2	0.5	0.65
Accounts Payable	0.98	-0.88	0.98	-0.73		0.99	0.99	0.97	0.83	-0.42	0.42	-0.74	0.97	-0.8	0.95	0.86	0.43	-0.61	0.82	0.86	0.89	-0.92	0.42	0.81	-0.58	0.1	-0.77	-0.89
Net Receivables	0.98	-0.88	0.99	-0.75	0.99		0.99	0.96	0.82	-0.47	0.37	-0.68	0.97	-0.8	0.96	0.87	0.41	-0.6	0.83	0.85	0.92	-0.91	0.41	0.84	-0.57	0.1	-0.77	-0.92
Total Liab	0.99	-0.87	0.99	-0.74	0.99	0.99		0.97	0.86	-0.41	0.38	-0.7	0.97	-0.79	0.96	0.9	0.42	-0.58	0.83	0.85	0.89	-0.91	0.39	0.8	-0.53	0.16	-0.75	-0.92
Total Current Assets	0.99	-0.77	0.93	-0.68	0.97	0.96	0.97		0.81	-0.45	0.45	-0.78	0.93	-0.67	0.89	0.86	0.53	-0.41	0.79	0.89	0.88	-0.93	0.42	0.83	-0.38	0.3	-0.62	-0.84
Short Term Debt	0.86	-0.74	0.86	-0.55	0.83	0.82	0.86	0.81		-0.22	0.18	-0.48	0.77	-0.74	0.86	0.92	0.34	-0.48	0.69	0.7	0.68	-0.79	0.19	0.51	-0.42	0.32	-0.68	-0.88
Intangible Assets	-0.44	0.22	-0.38	0.15	-0.42	-0.47	-0.41	-0.45	-0.22		0.19	0.06	-0.38	0.35	-0.46	-0.43	-0.45	0.06	-0.37	-0.5	-0.6	0.55	-0.12	-0.61	0.2	-0.19	0.35	0.45
Good Will	0.39	-0.37	0.35	-0.54	0.42	0.37	0.38	0.45	0.18	0.19		-0.86	0.46	-0.01	0.2	0.09	-0.16	-0.22	0.35	0.35	0.18	-0.25	0.76	0.28	-0.04	-0.05	-0.02	-0.04
Common Stock	-0.72	0.61	-0.65	0.63	-0.74	-0.68	-0.7	-0.78	-0.48	0.06	-0.86		-0.72	0.35	-0.53	-0.45	-0.29	0.32	-0.59	-0.68	-0.52	0.65	-0.58	-0.53	0.2	-0.13	0.32	0.4
Long Term Debt	0.95	-0.88	0.98	-0.85	0.97	0.97	0.97	0.93	0.77	-0.38	0.46	-0.72		-0.72	0.92	0.79	0.33	-0.61	0.83	0.8	0.87	-0.83	0.49	0.83	-0.52	0.02	-0.7	-0.86
Treasury Stock	-0.74	0.88	-0.82	0.48	-0.8	-0.8	-0.79	-0.67	-0.74	0.35	-0.01	0.35	-0.72		-0.9	-0.78	-0.27	0.82	-0.7	-0.68	-0.73	0.77	-0.05	-0.55	0.82	0.16	0.98	0.87
Property Plant Equipment	0.94	-0.88	0.97	-0.65	0.95	0.96	0.96	0.89	0.86	-0.46	0.2	-0.53	0.92	-0.9		0.91	0.36	-0.68	0.79	0.81	0.89	-0.89	0.28	0.78	-0.67	0.06	-0.87	-0.96
Current Deferred Revenue	0.91	-0.71	0.88	-0.48	0.86	0.87	0.9	0.86	0.92	-0.43	0.09	-0.45	0.79	-0.78	0.91		0.43	-0.41	0.7	0.76	0.8	-0.86	0.13	0.66	-0.41	0.42	-0.7	-0.92
Short Term Investments	0.49	-0.14	0.35	-0.06	0.43	0.41	0.42	0.53	0.34	-0.45	-0.16	-0.29	0.33	-0.27	0.36	0.43		0.18	0.38	0.59	0.51	-0.62	-0.21	0.48	0.04	0.48	-0.19	-0.42
Net Tangible Assets	-0.48	0.87	-0.65	0.61	-0.61	-0.6	-0.58	-0.41	-0.48	0.06	-0.22	0.32	-0.61	0.82	-0.68	-0.41	0.18		-0.58	-0.41	-0.48	0.44	-0.24	-0.35	0.88	0.62	0.88	0.61
Long Term Debt Total	0.81	-0.82	0.84	-0.78	0.82	0.83	0.83	0.79	0.69	-0.37	0.35	-0.59	0.83	-0.7	0.79	0.7	0.38	-0.58		0.9	0.78	-0.77	0.38	0.79	-0.41	0.03	-0.68	-0.83
Capital Surpluse	0.88	-0.7	0.81	-0.57	0.86	0.85	0.85	0.89	0.7	-0.5	0.35	-0.68	0.8	-0.68	0.81	0.76	0.59	-0.41	0.9		0.83	-0.91	0.39	0.84	-0.35	0.26	-0.63	-0.78
Deferred Long Term Liab	0.89	-0.75	0.88	-0.64	0.89	0.92	0.89	0.88	0.68	-0.6	0.18	-0.52	0.87	-0.73	0.89	0.8	0.51	-0.48	0.78	0.83		-0.9	0.33	0.9	-0.53	0.1	-0.73	-0.86
Accumulated Depreciation	-0.93	0.75	-0.87	0.56	-0.92	-0.91	-0.91	-0.93	-0.79	0.55	-0.25	0.65	-0.83	0.77	-0.89	-0.86	-0.62	0.44	-0.77	-0.91	-0.9		-0.29	-0.76	0.45	-0.27	0.73	0.84
Long Term Investments	0.38	-0.34	0.37	-0.54	0.42	0.41	0.39	0.42	0.19	-0.12	0.76	-0.58	0.49	-0.05	0.28	0.13	-0.21	-0.24	0.38	0.39	0.33	-0.29		0.46	-0.15	-0.11	-0.09	-0.12
Short Long Term Debt	0.81	-0.61	0.79	-0.59	0.81	0.84	0.8	0.83	0.51	-0.61	0.28	-0.53	0.83	-0.55	0.78	0.66	0.48	-0.35	0.79	0.84	0.9	-0.76	0.46		-0.4	0.11	-0.55	-0.73
Net Invested Capital	-0.44	0.73	-0.58	0.34	-0.58	-0.57	-0.53	-0.38	-0.42	0.2	-0.04	0.2	-0.52	0.82	-0.67	-0.41	0.04	0.88	-0.41	-0.35	-0.53	0.45	-0.15	-0.4		0.59	0.89	0.58
Cash And Equivalents	0.27	0.26	0.06	0.2	0.1	0.1	0.16	0.3	0.32	-0.19	-0.05	-0.13	0.02	0.16	0.06	0.42	0.48	0.62	0.03	0.26	0.1	-0.27	-0.11	0.11	0.59		0.3	-0.12
Net Working Capital	-0.69	0.89	-0.79	0.5	-0.77	-0.77	-0.75	-0.62	-0.68	0.35	-0.02	0.32	-0.7	0.98	-0.87	-0.7	-0.19	0.88	-0.68	-0.63	-0.73	0.73	-0.09	-0.55	0.89	0.3		0.83
Capital Stock	-0.89	0.85	-0.94	0.65	-0.89	-0.92	-0.92	-0.84	-0.88	0.45	-0.04	0.4	-0.86	0.87	-0.96	-0.92	-0.42	0.61	-0.83	-0.78	-0.86	0.84	-0.12	-0.73	0.58	-0.12	0.83

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

Competition

Predict AutoZone

AutoZone Total Assets

Total Assets

19.3 Billion

At this time, AutoZone's Total Assets are very stable compared to the past year.

Based on the latest financial disclosure, AutoZone has a Return On Asset of 0.1423. This is 86.94% lower than that of the Specialty Retail sector and 94.07% lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is notably lower than that of the firm.

AutoZone Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AutoZone's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics of similar companies.

AutoZone is currently under evaluation in return on asset category among related companies.

AutoZone ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

AutoZone Fundamentals

	Return On Asset	0.14
	Profit Margin	0.15 %
	Operating Margin	0.19 %
	Current Valuation	62.02 B
	Shares Outstanding	17.3 M
	Shares Owned By Insiders	0.27 %
	Shares Owned By Institutions	96.16 %
	Number Of Shares Shorted	391.36 K
	Price To Earning	21.95 X
	Price To Book	13.38 X
	Price To Sales	2.87 X
	Revenue	17.46 B
	Gross Profit	9.07 B
	EBITDA	3.97 B
	Net Income	2.53 B
	Cash And Equivalents	277.05 M
	Cash Per Share	16.55 X
	Total Debt	10.93 B
	Debt To Equity	(5.81) %
	Current Ratio	0.77 X
	Book Value Per Share	(279.42) X
	Cash Flow From Operations	2.94 B
	Short Ratio	2.52 X
	Earnings Per Share	141.73 X
	Price To Earnings To Growth	1.48 X
	Target Price	3303.44
	Number Of Employees	71.4 K
	Beta	0.71
	Market Capitalization	50.36 B
	Total Asset	15.99 B
	Retained Earnings	(2.96 B)
	Working Capital	(1.73 B)
	Current Asset	4.24 B
	Current Liabilities	4.69 B
	Net Asset	15.99 B

About AutoZone Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with AutoZone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.

Moving together with AutoZone Stock

0.64	HD	Home Depot Financial Report 21st of May 2024	Pair Corr
0.66	RH	RH Financial Report 23rd of May 2024	Pair Corr
0.91	EBAY	eBay Inc Financial Report 24th of April 2024	Pair Corr

Moving against AutoZone Stock

0.9	AAN	Aarons Earnings Call This Week	Pair Corr
0.78	FVRR	Fiverr International Financial Report 9th of May 2024	Pair Corr
0.71	FNKO	Funko Inc Financial Report 2nd of May 2024	Pair Corr
0.7	XELB	Xcel Brands Financial Report 16th of May 2024	Pair Corr
0.64	ETSY	Etsy Inc Financial Report 1st of May 2024	Pair Corr

The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.

The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:

How To Invest In AutoZone

Details

Is AutoZone Stock a good investment?

Details

What is AutoZone's Net Worth?

Details

Largest Consumer Discretionary Distribution & Retail Companies

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Largest Consumer Discretionary Companies

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Check out AutoZone Piotroski F Score and AutoZone Altman Z Score analysis.

To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

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When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.

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Is AutoZone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.172

Earnings Share

141.73

Revenue Per Share

999.527

Quarterly Revenue Growth

0.046

Return On Assets

0.1423

The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Autozone Stock Return On Asset

AutoZone Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current AutoZone Return On Asset

AutoZone Return On Asset Driver Correlations

AutoZone Total Assets

Total Assets

19.3 Billion

AutoZone Return On Asset Peer Comparison

AutoZone ESG Sustainability

AutoZone Fundamentals

About AutoZone Fundamental Analysis

Pair Trading with AutoZone

Moving together with AutoZone Stock

Moving against AutoZone Stock

Complementary Tools for AutoZone Stock analysis

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