Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. AutoZone's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $1,779 Mil. AutoZone's Average Total Inventories for the quarter that ended in Feb. 2024 was $5,872 Mil.
AutoZone's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.30.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AutoZone's Days Inventory for the
three
months ended in Feb. 2024 was 301.13.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
AutoZone's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.52.
AutoZone Inventory Turnover Historical Data
The historical data trend for AutoZone's Inventory Turnover 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
Inventory Turnover
1.33
1.33
1.52
1.51
1.47
AutoZone Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Inventory Turnover
0.31
0.34
0.47
0.34
0.30
AutoZone Inventory Turnover Calculation
AutoZone's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as
* 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AutoZone's Days Inventory for the
three
months ended in Feb. 2024 is calculated as:
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
AutoZone's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
* 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.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
AutoZone Inventory Turnover Related Terms
Thank you for viewing the detailed overview of AutoZone's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AZO has been successfully added to your 