Autozone Return on Invested Capital Trend from 2010 to 2022

AZO
 Stock
  

USD 2,160  10.69  0.50%   

Autozone Return on Invested Capital yearly trend continues to be quite stable with very little volatility. The value of Return on Invested Capital is projected to decrease to 0.23. From the period between 2010 and 2022, Autozone, Return on Invested Capital regression line of its data series had standard deviation of 0.030888 and standard deviation of  0.030888. Autozone Operating Income is quite stable at the moment as compared to the past year. The company's current value of Operating Income is estimated at 2.34 Billion. Revenues is expected to rise to about 12.4 B this year, although the value of Direct Expenses will most likely fall to about 5 B.
  
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Check Autozone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Autozone main balance sheet or income statement drivers, such as Direct Expenses of 5 B, Consolidated Income of 1.6 B or Cost of Revenue of 5.8 B, as well as many exotic indicators such as Interest Coverage of 11.11, Calculated Tax Rate of 28.37 or PPandE Turnover of 3.14. Autozone financial statements analysis is a perfect complement when working with Autozone Valuation or Volatility modules. It can also supplement various Autozone Technical models. Please continue to the analysis of Autozone Correlation against competitors.

Autozone Return on Invested Capital Breakdown

Showing smoothed Return on Invested Capital of Autozone with missing and latest data points interpolated. Return on Invested Capital is ratio estimated by dividing Earning Before Interest and Taxes EBIT by [InvCapAvg]. [InvCap] is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.Autozone's Return on Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Autozone's overall financial position and show how it may be relating to other accounts over time.
Return on Invested Capital10 Years Trend
Decreasing
Slightly volatile
 Return on Invested Capital 
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      Timeline 

Autozone Return on Invested Capital Regression Statistics

Arithmetic Mean 0.22
Geometric Mean 0.22
Coefficient Of Variation 13.77
Mean Deviation 0.024342
Median 0.21
Standard Deviation 0.030888
Sample Variance 0.00095404
Range 0.08
R-Value(0.36)
Mean Square Error 0.00090584
R-Squared 0.13
Significance 0.23
Slope(0.002856)
Total Sum of Squares 0.011448

Autozone Return on Invested Capital History

2012 0.21
2021 0.25
2022 0.23

About Autozone Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Autozone income statement, its balance sheet, and the statement of cash flows. Autozone investors use historical funamental indicators, such as Autozone's Return on Invested Capital, to determine how well the company is positioned to perform in the future. Although Autozone investors may use each financial statement separately, they are all related. The changes in Autozone's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Autozone's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Autozone Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Autozone. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Invested Capital 0.24  0.23 
Invested Capital9.1 B9.8 B
Invested Capital Average9.1 B9.7 B
Market Capitalization27 B26.1 B
Working Capital-483.5 M-521.6 M
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company was founded in 1979 and is based in Memphis, Tennessee. Autozone operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 65100 people.

Autozone Investors Sentiment

The influence of Autozone's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Autozone. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Autozone Implied Volatility

    
  29.43  
Autozone's implied volatility exposes the market's sentiment of Autozone stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Autozone's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Autozone stock will not fluctuate a lot when Autozone's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Autozone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Autozone's short interest history, or implied volatility extrapolated from Autozone options trading.

Current Sentiment - AZO

Autozone Investor Sentiment

Greater number of Macroaxis users are presently bullish on Autozone. What is your sentiment towards investing in Autozone? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

Autozone Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Autozone Correlation against competitors. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Autozone Stock analysis

When running Autozone 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 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 YOY
0.096
Market Capitalization
42.1 B
Quarterly Revenue Growth YOY
0.059
Return On Assets
0.14
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 Autozone value 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.