AutoZone Return on Average Assets vs Cash and Equivalents Analysis

AZO Stock  USD 3,193  1.31  0.04%   
Trend analysis of AutoZone balance sheet accounts such as Short Long Term Debt Total of 2.4 B, Other Current Liabilities of 1.6 B or Total Current Liabilities of 10.3 B provides information on AutoZone's total assets, liabilities, and equity, which is the actual value of AutoZone to its prevalent stockholders. By breaking down trends over time using AutoZone balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

About AutoZone Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of AutoZone at a specified time, usually calculated after every quarter, six months, or one year. AutoZone Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of AutoZone and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which AutoZone currently owns. An asset can also be divided into two categories, current and non-current.

AutoZone Balance Sheet Chart

AutoZone Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how AutoZone uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, AutoZone's Net Receivables is very stable compared to the past year. As of the 28th of March 2024, Liabilities And Stockholders Equity is likely to grow to about 19.3 B, while Short and Long Term Debt Total is likely to drop about 2.4 B.

Total Assets

Total assets refers to the total amount of AutoZone assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in AutoZone books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on AutoZone balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AutoZone are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from AutoZone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AutoZone current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.As of the 28th of March 2024, Selling General Administrative is likely to grow to about 6.8 B, while Tax Provision is likely to drop about 446.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense191.6M306.4M352.3M369.9M
Depreciation And Amortization442.2M497.6M572.2M600.8M

AutoZone fundamental ratios Correlations

-0.070.920.99-0.810.93-0.18-0.690.980.391.0-0.690.390.98-0.760.990.980.92-0.570.990.920.990.8-0.440.39-0.71
-0.07-0.18-0.02-0.01-0.220.96-0.230.01-0.23-0.130.35-0.23-0.06-0.55-0.110.090.110.26-0.07-0.210.02-0.350.220.78-0.59
0.92-0.180.92-0.830.97-0.23-0.740.910.250.94-0.850.250.91-0.630.940.890.76-0.580.940.950.880.77-0.30.31-0.58
0.99-0.020.92-0.880.93-0.09-0.721.00.260.99-0.70.260.99-0.780.980.990.9-0.660.990.940.970.79-0.390.43-0.73
-0.81-0.01-0.83-0.88-0.87-0.050.82-0.880.14-0.840.790.14-0.880.64-0.86-0.86-0.660.79-0.87-0.91-0.77-0.620.22-0.370.59
0.93-0.220.970.93-0.87-0.25-0.780.930.180.95-0.90.180.95-0.570.970.910.79-0.610.960.990.890.73-0.40.22-0.51
-0.180.96-0.23-0.09-0.05-0.25-0.23-0.06-0.5-0.230.3-0.5-0.12-0.41-0.180.02-0.020.17-0.15-0.22-0.11-0.460.280.68-0.45
-0.69-0.23-0.74-0.720.82-0.78-0.23-0.730.1-0.690.770.1-0.750.65-0.75-0.77-0.560.3-0.74-0.74-0.68-0.40.15-0.540.62
0.980.010.911.0-0.880.93-0.06-0.730.230.98-0.710.230.99-0.780.980.990.91-0.650.990.940.970.75-0.420.42-0.73
0.39-0.230.250.260.140.18-0.50.10.230.360.051.00.23-0.280.290.230.410.210.280.090.440.48-0.270.05-0.27
1.0-0.130.940.99-0.840.95-0.23-0.690.980.36-0.740.360.98-0.720.990.970.89-0.610.990.940.980.82-0.430.34-0.66
-0.690.35-0.85-0.70.79-0.90.30.77-0.710.05-0.740.05-0.750.27-0.78-0.68-0.510.54-0.75-0.88-0.62-0.510.310.010.21
0.39-0.230.250.260.140.18-0.50.10.231.00.360.050.23-0.280.290.230.410.210.280.090.440.48-0.270.05-0.27
0.98-0.060.910.99-0.880.95-0.12-0.750.990.230.98-0.750.23-0.720.990.980.88-0.630.990.950.960.73-0.470.37-0.66
-0.76-0.55-0.63-0.780.64-0.57-0.410.65-0.78-0.28-0.720.27-0.28-0.72-0.71-0.82-0.780.3-0.74-0.56-0.81-0.510.1-0.841.0
0.99-0.110.940.98-0.860.97-0.18-0.750.980.290.99-0.780.290.99-0.710.970.88-0.61.00.960.970.77-0.420.35-0.65
0.980.090.890.99-0.860.910.02-0.770.990.230.97-0.680.230.98-0.820.970.92-0.580.980.910.980.7-0.420.49-0.77
0.920.110.760.9-0.660.79-0.02-0.560.910.410.89-0.510.410.88-0.780.880.92-0.440.890.770.950.63-0.530.37-0.74
-0.570.26-0.58-0.660.79-0.610.170.3-0.650.21-0.610.540.21-0.630.3-0.6-0.58-0.44-0.63-0.72-0.49-0.590.160.010.26
0.99-0.070.940.99-0.870.96-0.15-0.740.990.280.99-0.750.280.99-0.741.00.980.89-0.630.950.970.78-0.410.38-0.69
0.92-0.210.950.94-0.910.99-0.22-0.740.940.090.94-0.880.090.95-0.560.960.910.77-0.720.950.860.72-0.390.22-0.5
0.990.020.880.97-0.770.89-0.11-0.680.970.440.98-0.620.440.96-0.810.970.980.95-0.490.970.860.76-0.450.45-0.76
0.8-0.350.770.79-0.620.73-0.46-0.40.750.480.82-0.510.480.73-0.510.770.70.63-0.590.780.720.76-0.170.19-0.48
-0.440.22-0.3-0.390.22-0.40.280.15-0.42-0.27-0.430.31-0.27-0.470.1-0.42-0.42-0.530.16-0.41-0.39-0.45-0.170.190.06
0.390.780.310.43-0.370.220.68-0.540.420.050.340.010.050.37-0.840.350.490.370.010.380.220.450.190.19-0.87
-0.71-0.59-0.58-0.730.59-0.51-0.450.62-0.73-0.27-0.660.21-0.27-0.661.0-0.65-0.77-0.740.26-0.69-0.5-0.76-0.480.06-0.87
Click cells to compare fundamentals

AutoZone Account Relationship Matchups

AutoZone fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.4B14.5B15.3B16.0B18.4B19.3B
Short Long Term Debt Total2.5B2.6B2.8B2.9B3.4B2.4B
Other Current Liab859.4M1.0B762.5M1.3B1.5B1.6B
Total Current Liabilities6.3B7.4B8.6B8.5B9.8B10.3B
Total Stockholder Equity(878.0M)(1.8B)(3.5B)(4.3B)(3.9B)(3.7B)
Property Plant And Equipment Net7.1B7.6B8.1B13.3B15.3B16.1B
Net Debt726.7M1.5B2.6B2.6B3.0B2.2B
Retained Earnings(1.5B)(419.8M)(1.3B)(3.0B)(2.7B)(2.5B)
Accounts Payable5.2B6.0B7.3B7.2B8.3B8.7B
Cash1.8B1.2B264.4M277.1M318.6M194.4M
Non Current Assets Total7.6B8.1B8.6B9.2B10.6B11.1B
Non Currrent Assets Other118.1M113.7M140.4M(4.6B)(4.1B)(3.9B)
Cash And Short Term Investments1.8B1.2B264.4M277.1M318.6M194.4M
Net Receivables364.8M378.4M504.9M520.4M598.4M628.4M
Common Stock Shares Outstanding24.1M22.8M20.7M19.1M17.2M16.3M
Liabilities And Stockholders Equity14.4B14.5B15.3B16.0B18.4B19.3B
Non Current Liabilities Total9.0B8.9B10.2B11.8B13.6B14.3B
Inventory4.5B4.6B5.6B5.8B6.6B7.0B
Other Current Assets223.0M225.8M220.7M217.8M250.5M263.0M
Other Stockholder Equity927.0M(1.1B)(1.9B)(1.2B)(1.1B)(1.0B)
Total Liab15.3B16.3B18.8B20.3B23.4B24.6B
Property Plant And Equipment Gross4.5B8.8B9.5B13.3B15.3B16.1B
Total Current Assets6.8B6.4B6.6B6.8B7.8B8.2B
Accumulated Other Comprehensive Income(354.3M)(308.0M)(300.5M)(190.8M)(171.8M)(180.3M)
Short Term Debt291.3M326.5M336.3M257.3M295.8M310.6M
Common Stock Total Equity254K237K230K207K186.3K177.0K
Common Stock237K230K207K189K170.1K161.6K
Other Liab848.0M1.0B1.3B1.2B1.4B1.5B
Other Assets145.9M525.3M557.8M309.2M355.5M373.3M
Long Term Debt5.5B5.3B6.1B7.7B8.8B9.3B
Treasury Stock(1.4B)(356.5M)(2.5B)(3.3B)(2.9B)(2.8B)
Property Plant Equipment4.5B7.6B8.1B8.6B9.9B10.4B
Current Deferred Revenue220.4M215.3M188.2M(257.3M)(231.5M)(220.0M)
Short Term Investments76.1M46.0M49.8M39.6M45.6M32.1M
Net Tangible Assets1.6B(1.8B)(3.5B)(4.3B)(3.9B)(3.7B)
Retained Earnings Total Equity(1.3B)(1.5B)(419.8M)(1.3B)(1.2B)(1.3B)
Long Term Debt Total5.5B5.3B6.1B7.9B9.0B5.5B
Capital Surpluse1.3B1.5B1.4B1.5B1.7B1.2B

AutoZone Investors Sentiment

The influence of AutoZone's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AutoZone. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to AutoZone's public news can be used to forecast risks associated with an investment in AutoZone. The trend in average sentiment can be used to explain how an investor holding AutoZone can time the market purely based on public headlines and social activities around AutoZone. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AutoZone's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AutoZone's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AutoZone's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AutoZone.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AutoZone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AutoZone's short interest history, or implied volatility extrapolated from AutoZone options trading.

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

  0.84DIBS 1StdibsCom Financial Report 8th of May 2024 PairCorr
  0.64AN AutoNation Financial Report 18th of April 2024 PairCorr

Moving against AutoZone Stock

  0.84BQ Boqii Holding LimitedPairCorr
  0.82LL LL Flooring HoldingsPairCorr
  0.77FNKO Funko Inc Financial Report 2nd of May 2024 PairCorr
  0.72DLTH Duluth Holdings Financial Report 6th of June 2024 PairCorr
  0.51WEYS Weyco GroupPairCorr
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 CorrelationCorrelation 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:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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
141.7
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.