AZO (AutoZone) ROCE % : 45.40% (As of May. 2024)

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What is AutoZone ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AutoZone's annualized ROCE % for the quarter that ended in May. 2024 was 45.40%.

AutoZone ROCE % Historical Data

The historical data trend for AutoZone's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AutoZone ROCE % Chart

AutoZone Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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38.70

38.59

47.38

49.24

47.55

AutoZone Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
ROCE %	Get a 7-Day Free Trial															67.61	45.32	38.48	45.40	63.34

AutoZone ROCE % Calculation

AutoZone's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	3486.04	/	( ( (15275.043 - 8588.393)	+	(15985.878 - 8511.856) )	/ 2 )
	=	3486.04	/	( (6686.65	+	7474.022)	/ 2 )
	=	3486.04	/	7080.336
	=	49.24 %

AutoZone's ROCE % of for the quarter that ended in May. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2024 )		(Q: Feb. 2024 )		(Q: May. 2024 )
	=	3600.724	/	( ( (16717.654 - 8772.609)	+	(17108.432 - 9192.587) )	/ 2 )
	=	3600.724	/	( ( 7945.045	+	7915.845 )	/ 2 )
	=	3600.724	/	7930.445
	=	45.40 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2024) EBIT data.

AutoZone (NYSE:AZO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AutoZone ROCE % Related Terms

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AutoZone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (NYSE:AZO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AZO:Mexico 0HJL:UK AZOI34:Brazil

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.

Executives

Jenna M. Bedsole	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Rhodes William C Iii	officer: Senior Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Philip B. Daniele	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Richard Craig Smith	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
K. Michelle Borninkhof	officer: Senior Vice President & CIO	123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas	officer: Vice President and Controller	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman	officer: SVP, Marketing	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer	officer: Senior Vice President	123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103