AutoZone Operating Income from 2010 to 2024
| AZO Stock | USD 2,973 34.91 1.19% |
Operating Income | First Reported 1989-08-31 | Previous Quarter 848.6 M | Current Value 743.2 M | Quarterly Volatility 258.4 M |
Check AutoZone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoZone main balance sheet or income statement drivers, such as Depreciation And Amortization of 600.8 M, Interest Expense of 369.9 M or Selling General Administrative of 6.8 B, as well as many exotic indicators such as Price To Sales Ratio of 1.38, Dividend Yield of 0.0 or Days Sales Outstanding of 9.98. AutoZone financial statements analysis is a perfect complement when working with AutoZone Valuation or Volatility modules.
AutoZone | Operating Income |
Latest AutoZone's Operating Income Growth Pattern
Below is the plot of the Operating Income of AutoZone over the last few years. Operating Income is the amount of profit realized from AutoZone operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of AutoZone is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. AutoZone's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AutoZone's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
|
Operating Income |
| Timeline |
AutoZone Operating Income Regression Statistics
| Arithmetic Mean | 2,360,314,600 | |
| Geometric Mean | 1,850,159,824 | |
| Coefficient Of Variation | 45.10 | |
| Mean Deviation | 817,994,053 | |
| Median | 2,080,069,000 | |
| Standard Deviation | 1,064,423,156 | |
| Sample Variance | 1132996.7T | |
| Range | 4.1B | |
| R-Value | 0.93 | |
| Mean Square Error | 162587.3T | |
| R-Squared | 0.87 | |
| Slope | 221,587,765 | |
| Total Sum of Squares | 15861953.2T |
AutoZone Operating Income History
About AutoZone Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include AutoZone income statement, its balance sheet, and the statement of cash flows. AutoZone investors use historical funamental indicators, such as AutoZone's Operating Income, to determine how well the company is positioned to perform in the future. Although AutoZone investors may use each financial statement separately, they are all related. The changes in AutoZone's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AutoZone's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AutoZone Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AutoZone. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Operating Income | 4 B | 4.2 B |
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
| 0.89 | W | Wayfair Sell-off Trend | PairCorr |
| 0.83 | AN | AutoNation Earnings Call Next Week | PairCorr |
| 0.64 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
Moving against AutoZone Stock
| 0.9 | AAN | Aarons Earnings Call This Week | PairCorr |
| 0.77 | BQ | Boqii Holding Limited | PairCorr |
| 0.71 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.71 | BGI | Birks Group | PairCorr |
| 0.66 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
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.Check out the analysis of AutoZone Correlation against competitors. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for AutoZone Stock analysis
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.