AutoZone Total Assets vs Book Value per Share Analysis
| AZO Stock | USD 2,973 34.91 1.19% |
AutoZone financial indicator trend analysis is way more than just evaluating AutoZone prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AutoZone is a good investment. Please check the relationship between AutoZone Total Assets and its Book Value Per Share accounts. 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.
Total Assets vs Book Value Per Share
Total Assets vs Book Value per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AutoZone Total Assets account and Book Value per Share. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between AutoZone's Total Assets and Book Value per Share is -0.55. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of AutoZone, assuming nothing else is changed. The correlation between historical values of AutoZone's Total Assets and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of AutoZone are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Total Assets i.e., AutoZone's Total Assets and Book Value per Share go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.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.At this time, AutoZone's Selling General Administrative is very stable compared to the past year. As of the 19th of April 2024, Enterprise Value is likely to grow to about 8.3 B, while Tax Provision is likely to drop about 446.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 191.6M | 306.4M | 352.3M | 369.9M | Depreciation And Amortization | 442.2M | 497.6M | 572.2M | 600.8M |
AutoZone fundamental ratios Correlations
Click cells to compare fundamentals
AutoZone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AutoZone fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 14.4B | 14.5B | 15.3B | 16.0B | 18.4B | 19.3B | |
| Short Long Term Debt Total | 8.3B | 8.2B | 9.3B | 10.9B | 12.6B | 13.2B | |
| Other Current Liab | 65.4M | 84.0M | 93.8M | 120.1M | 138.1M | 266.8M | |
| Total Current Liabilities | 6.3B | 7.4B | 8.6B | 8.5B | 9.8B | 10.3B | |
| Total Stockholder Equity | (878.0M) | (1.8B) | (3.5B) | (4.3B) | (3.9B) | (3.7B) | |
| Property Plant And Equipment Net | 7.1B | 7.6B | 8.1B | 8.6B | 9.9B | 10.4B | |
| Net Debt | 6.6B | 7.1B | 9.0B | 10.7B | 12.3B | 12.9B | |
| Retained Earnings | (1.5B) | (419.8M) | (1.3B) | (3.0B) | (2.7B) | (2.5B) | |
| Accounts Payable | 5.2B | 6.0B | 7.3B | 7.2B | 8.3B | 8.7B | |
| Cash | 1.8B | 1.2B | 264.4M | 277.1M | 318.6M | 194.4M | |
| Non Current Assets Total | 7.6B | 8.1B | 8.6B | 9.2B | 10.6B | 11.1B | |
| Non Currrent Assets Other | 119.5M | 113.7M | 140.4M | 141.3M | 162.5M | 179.9M | |
| Cash And Short Term Investments | 1.8B | 1.2B | 264.4M | 277.1M | 318.6M | 194.4M | |
| Net Receivables | 364.8M | 378.4M | 504.9M | 520.4M | 598.4M | 628.4M | |
| Common Stock Shares Outstanding | 24.1M | 22.8M | 20.7M | 19.1M | 17.2M | 16.3M | |
| Liabilities And Stockholders Equity | 14.4B | 14.5B | 15.3B | 16.0B | 18.4B | 19.3B | |
| Non Current Liabilities Total | 9.0B | 8.9B | 10.2B | 11.8B | 13.6B | 14.3B | |
| Inventory | 4.5B | 4.6B | 5.6B | 5.8B | 6.6B | 7.0B | |
| Other Current Assets | 223.0M | 225.8M | 220.7M | 217.8M | 250.5M | 263.0M | |
| Other Stockholder Equity | 927.0M | (1.1B) | (1.9B) | (1.2B) | (1.1B) | (1.0B) | |
| Total Liab | 15.3B | 16.3B | 18.8B | 20.3B | 23.4B | 24.6B | |
| Property Plant And Equipment Gross | 4.5B | 8.8B | 9.5B | 13.3B | 15.3B | 16.1B | |
| Total Current Assets | 6.8B | 6.4B | 6.6B | 6.8B | 7.8B | 8.2B | |
| Accumulated Other Comprehensive Income | (354.3M) | (308.0M) | (300.5M) | (190.8M) | (171.8M) | (180.3M) | |
| Short Term Debt | 291.3M | 326.5M | 336.3M | 344.2M | 395.8M | 415.6M | |
| Common Stock Total Equity | 254K | 237K | 230K | 207K | 186.3K | 177.0K | |
| Common Stock | 237K | 230K | 207K | 189K | 170.1K | 161.6K | |
| Other Liab | 848.0M | 1.0B | 1.3B | 1.2B | 1.4B | 1.5B | |
| Other Assets | 145.9M | 525.3M | 557.8M | 309.2M | 355.5M | 373.3M | |
| Long Term Debt | 5.5B | 5.3B | 6.1B | 7.7B | 8.8B | 9.3B | |
| Treasury Stock | (1.4B) | (356.5M) | (2.5B) | (3.3B) | (2.9B) | (2.8B) | |
| Property Plant Equipment | 4.5B | 7.6B | 8.1B | 8.6B | 9.9B | 10.4B | |
| Current Deferred Revenue | 770.0M | 945.3M | 857.0M | 846.3M | 973.3M | 1.0B | |
| Short Term Investments | 76.1M | 46.0M | 49.8M | 39.6M | 45.6M | 32.1M | |
| Net Tangible Assets | 1.6B | (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 Total | 5.5B | 5.3B | 6.1B | 7.9B | 9.0B | 5.5B | |
| Capital Surpluse | 1.3B | 1.5B | 1.4B | 1.5B | 1.7B | 1.2B |
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
| 0.88 | W | Wayfair Sell-off Trend | PairCorr |
| 0.82 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against AutoZone Stock
| 0.9 | AAN | Aarons Earnings Call This Week | PairCorr |
| 0.76 | BQ | Boqii Holding Limited | PairCorr |
| 0.71 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.7 | BGI | Birks Group | PairCorr |
| 0.67 | 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 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.