AutoZone Roic from 2010 to 2024
| AZO Stock | USD 3,069 19.11 0.63% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.6655562 | Current Value 0.7 | Quarterly Volatility 0.2169894 |
Check AutoZone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoZone's main balance sheet or income statement drivers, such as Depreciation And Amortization of 577.2 M, Interest Expense of 486 M or Selling General Administrative of 6.8 B, as well as many indicators such as Price To Sales Ratio of 3.13, Dividend Yield of 0.0 or Days Sales Outstanding of 11.31. AutoZone financial statements analysis is a perfect complement when working with AutoZone Valuation or Volatility modules.
AutoZone | Roic |
Latest AutoZone's Roic Growth Pattern
Below is the plot of the Roic of AutoZone over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. AutoZone's ROIC 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.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
AutoZone Roic Regression Statistics
| Arithmetic Mean | 0.58 | |
| Geometric Mean | 0.54 | |
| Coefficient Of Variation | 37.20 | |
| Mean Deviation | 0.19 | |
| Median | 0.47 | |
| Standard Deviation | 0.22 | |
| Sample Variance | 0.05 | |
| Range | 0.6481 | |
| R-Value | 0.80 | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.65 | |
| Significance | 0.0003 | |
| Slope | 0.04 | |
| Total Sum of Squares | 0.66 |
AutoZone Roic History
About AutoZone Financial Statements
AutoZone investors utilize fundamental indicators, such as Roic, to predict how AutoZone Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.67 | 0.70 |
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 against AutoZone Stock
| 0.51 | FIVE | Five Below Earnings Call This Week | 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 the analysis of AutoZone Correlation against competitors. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Automotive Retail space 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 0.117 | Earnings Share 149.43 | Revenue Per Share 1.1 K | Quarterly Revenue Growth 0.09 | Return On Assets 0.1428 |
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.