AutoZone (LTS:0HJL) Total Assets : $17,177 Mil (As of Aug. 2024)

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What is AutoZone Total Assets?

AutoZone's Total Assets for the quarter that ended in Aug. 2024 was $17,177 Mil.

During the past 12 months, AutoZone's average Total Assets Growth Rate was 7.40% per year. During the past 3 years, the average Total Assets Growth Rate was 8.10% per year. During the past 5 years, the average Total Assets Growth Rate was 10.60% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 13 years, AutoZone's highest 3-Year average Total Assets Growth Rate was 35.50%. The lowest was 1.90%. And the median was 7.50%.

Total Assets is connected with ROA %. AutoZone's annualized ROA % for the quarter that ended in Aug. 2024 was 21.05%. Total Assets is also linked to Revenue through Asset Turnover. AutoZone's Asset Turnover for the quarter that ended in Aug. 2024 was 0.36.

AutoZone Total Assets Historical Data

The historical data trend for AutoZone's Total Assets 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.

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AutoZone Total Assets Chart

AutoZone Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Total Assets

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14,423.87

14,516.20

15,275.04

15,985.88

17,176.54

AutoZone Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Total Assets	Get a 7-Day Free Trial															15,985.88	16,292.57	16,717.65	17,108.43	17,176.54

AutoZone Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

AutoZone's Total Assets for the fiscal year that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (A: Aug. 2024 )	+	Total Liabilities (A: Aug. 2024 )
	=	-4749.614	+	21926.152
	=	17,177

AutoZone's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets	=	Total Equity (Q: Aug. 2024 )	+	Total Liabilities (Q: Aug. 2024 )
	=	-4749.614	+	21926.152
	=	17,177

AutoZone (LTS:0HJL) Total Assets Explanation

Total Assets is connected with ROA %.

AutoZone's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %	=	Net Income (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
	=	3608.832	/	( (17108.432	+	17176.538)	/ 2 )
	=	3608.832	/	17142.485
	=	21.05 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

AutoZone's Asset Turnover for the quarter that ended in Aug. 2024 is

	Asset Turnover
=	Revenue (Q: Aug. 2024 )	/	( (Total Assets (Q: May. 2024 )	+	Total Assets (Q: Aug. 2024 ))	/ count )
=	6205.38	/	( (17108.432	+	17176.538)	/ 2 )
=	6205.38	/	17142.485
=	0.36

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

AutoZone Total Assets Related Terms

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AutoZone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (LTS:0HJL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

AZO:USA AZO:Mexico AZOI34:Brazil

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,400 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.

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