Stock Analysis on Net

AutoZone Inc. (NYSE:AZO)

$22.49

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

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

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Profitability Ratios (Summary)

AutoZone Inc., profitability 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
Return on Sales
Gross profit margin
Operating profit margin
Net profit margin
Return on Investment
Return on equity (ROE)
Return on assets (ROA)

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).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. AutoZone Inc. gross profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. AutoZone Inc. operating profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. AutoZone Inc. net profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. AutoZone Inc. ROA deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.

Gross Profit Margin

AutoZone Inc., gross profit margin 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)
Gross profit
Net sales
Profitability Ratio
Gross profit margin1
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.

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
Gross profit margin = 100 × (Gross profitQ1 2024 + Gross profitQ4 2023 + Gross profitQ3 2023 + Gross profitQ2 2023) ÷ (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023)
= 100 × ( + + + ) ÷ ( + + + ) =

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. AutoZone Inc. gross profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Operating Profit Margin

AutoZone Inc., operating profit margin 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)
Operating profit
Net sales
Profitability Ratio
Operating profit margin1
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.

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
Operating profit margin = 100 × (Operating profitQ1 2024 + Operating profitQ4 2023 + Operating profitQ3 2023 + Operating profitQ2 2023) ÷ (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023)
= 100 × ( + + + ) ÷ ( + + + ) =

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. AutoZone Inc. operating profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Net Profit Margin

AutoZone Inc., net profit margin 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 income
Net sales
Profitability Ratio
Net profit margin1
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.

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 profit margin = 100 × (Net incomeQ1 2024 + Net incomeQ4 2023 + Net incomeQ3 2023 + Net incomeQ2 2023) ÷ (Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023)
= 100 × ( + + + ) ÷ ( + + + ) =

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. AutoZone Inc. net profit margin ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Return on Equity (ROE)

AutoZone Inc., ROE 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 income
Stockholders’ deficit
Profitability Ratio
ROE1
Benchmarks
ROE, Competitors2
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.

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
ROE = 100 × (Net incomeQ1 2024 + Net incomeQ4 2023 + Net incomeQ3 2023 + Net incomeQ2 2023) ÷ Stockholders’ deficit
= 100 × ( + + + ) ÷ =

2 Click competitor name to see calculations.


Return on Assets (ROA)

AutoZone Inc., ROA 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 income
Total assets
Profitability Ratio
ROA1
Benchmarks
ROA, Competitors2
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.

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
ROA = 100 × (Net incomeQ1 2024 + Net incomeQ4 2023 + Net incomeQ3 2023 + Net incomeQ2 2023) ÷ Total assets
= 100 × ( + + + ) ÷ =

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. AutoZone Inc. ROA deteriorated from Q3 2023 to Q4 2023 but then improved from Q4 2023 to Q1 2024 not reaching Q3 2023 level.