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

AutoZone (AutoZone) EBIT

: $3,685 Mil (TTM As of Feb. 2024)
View and export this data going back to 1991. Start your Free Trial

AutoZone's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2024 was $743 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2024 was $3,685 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AutoZone's annualized ROC % for the quarter that ended in Feb. 2024 was 24.54%. AutoZone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 33.75%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AutoZone's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2024 was 5.87%.


AutoZone EBIT Historical Data

The historical data trend for AutoZone's EBIT 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.

* Premium members only.

AutoZone Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,223.53 2,423.37 2,949.94 3,276.78 3,486.04

AutoZone Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 669.98 858.48 1,234.55 848.60 743.24

Competitive Comparison

For the Specialty Retail subindustry, AutoZone's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AutoZone EV-to-EBIT Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AutoZone's EV-to-EBIT falls into.



AutoZone EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,685 Mil.

* 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.


AutoZone  (NYSE:AZO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

AutoZone's annualized ROC % for the quarter that ended in Feb. 2024 is calculated as:

ROC % (Q: Feb. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2023 ) + Invested Capital (Q: Feb. 2024 ))/ count )
=2972.968 * ( 1 - 19.6% )/( (9624.623 + 9857.107)/ 2 )
=2390.266272/9740.865
=24.54 %

where

Invested Capital(Q: Nov. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=16292.57 - 8496.768 - ( 282.981 - max(0, 8785.622 - 6956.801+282.981))
=9624.623

Invested Capital(Q: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=16717.654 - 8476.1 - ( 304.096 - max(0, 8772.609 - 7157.056+304.096))
=9857.107

Note: The Operating Income data used here is four times the quarterly (Feb. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

AutoZone's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2023  Q: Feb. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2972.968/( ( (8711.829 + max(-1822.948, 0)) + (8906.778 + max(-1623.14, 0)) )/ 2 )
=2972.968/( ( 8711.829 + 8906.778 )/ 2 )
=2972.968/8809.3035
=33.75 %

where Working Capital is:

Working Capital(Q: Nov. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(511.907 + 5774.467 + 387.446) - (8496.768 + 0 + 0)
=-1822.948

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(501.117 + 5970.175 + 381.668) - (8476.1 + 0 + 0)
=-1623.14

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

AutoZone's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2024 )
=3684.877/62769.906
=5.87 %

* 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.


AutoZone EBIT Related Terms

Thank you for viewing the detailed overview of AutoZone's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


AutoZone (AutoZone) Business Description

Address
123 South Front Street, Memphis, TN, USA, 38103
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.
Executives
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
Eric S. Gould officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Jenna M. Bedsole officer: Sr. Vice President 123 SOUTH FRONT STREET, MEMPHIS TN 38103
William R. Hackney officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Rhodes William C Iii officer: Senior Vice President 123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Philip B. Daniele officer: Sr. Vice President 123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103

AutoZone (AutoZone) Headlines

From GuruFocus

Autozone Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2022 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2022 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2020 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2023 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2020 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q2 2023 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Autozone Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024