Autozone Stock Current Asset
| AZO Stock | USD 2,986 12.37 0.42% |
AutoZone fundamentals help investors to digest information that contributes to AutoZone's financial success or failures. It also enables traders to predict the movement of AutoZone Stock. The fundamental analysis module provides a way to measure AutoZone's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AutoZone stock.
As of the 20th of April 2024, Non Current Assets Total is likely to grow to about 11.1 B. Also, Other Current Assets is likely to grow to about 263 M. AutoZone | Current Asset |
AutoZone Company Current Asset Analysis
AutoZone's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current AutoZone Current Asset | 4.24 B |
Most of AutoZone's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AutoZone is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AutoZone Current Asset Historical Pattern
Today, most investors in AutoZone Stock are looking for potential investment opportunities by analyzing not only static indicators but also various AutoZone's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of AutoZone current asset as a starting point in their analysis.
AutoZone Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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AutoZone Total Assets
Total Assets |
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In accordance with the recently published financial statements, AutoZone has a Current Asset of 4.24 B. This is 91.84% lower than that of the Specialty Retail sector and 57.02% lower than that of the Consumer Discretionary industry. The current asset for all United States stocks is 54.6% higher than that of the company.
AutoZone Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AutoZone's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics of similar companies.AutoZone is currently under evaluation in current asset category among related companies.
AutoZone ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
AutoZone Fundamentals
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 63.11 B | ||||
| Shares Outstanding | 17.3 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 95.72 % | ||||
| Number Of Shares Shorted | 391.36 K | ||||
| Price To Earning | 21.95 X | ||||
| Price To Book | 13.38 X | ||||
| Price To Sales | 2.87 X | ||||
| Revenue | 17.46 B | ||||
| Gross Profit | 9.07 B | ||||
| EBITDA | 3.97 B | ||||
| Net Income | 2.53 B | ||||
| Cash And Equivalents | 277.05 M | ||||
| Cash Per Share | 16.55 X | ||||
| Total Debt | 10.93 B | ||||
| Debt To Equity | (5.81) % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | (279.42) X | ||||
| Cash Flow From Operations | 2.94 B | ||||
| Short Ratio | 2.52 X | ||||
| Earnings Per Share | 141.82 X | ||||
| Price To Earnings To Growth | 1.48 X | ||||
| Target Price | 3303.44 | ||||
| Number Of Employees | 71.4 K | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 51.44 B | ||||
| Total Asset | 15.99 B | ||||
| Retained Earnings | (2.96 B) | ||||
| Working Capital | (1.73 B) | ||||
| Current Asset | 4.24 B | ||||
| Current Liabilities | 4.69 B | ||||
| Net Asset | 15.99 B |
About AutoZone Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.87 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.82 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against AutoZone Stock
| 0.9 | AAN | Aarons Financial Report 22nd of April 2024 | PairCorr |
| 0.75 | BQ | Boqii Holding Limited | PairCorr |
| 0.72 | FNKO | Funko Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | BGI | Birks Group | PairCorr |
| 0.68 | ETSY | Etsy Inc Financial Report 1st 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 AutoZone Piotroski F Score and AutoZone Altman Z Score analysis. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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 141.82 | 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.