Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CarMax's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $6,074 Mil. CarMax's Total Assets for the quarter that ended in Feb. 2024 was $27,197 Mil.
Therefore, CarMax's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.22.
The historical rank and industry rank for CarMax's Equity-to-Asset or its related term are showing as below:
KMX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.2 Max: 0.24
Current: 0.22
During the past 13 years, the highest Equity to Asset Ratio of CarMax was 0.24. The lowest was 0.18. And the median was 0.20.
KMX's Equity-to-Asset is ranked worse than 87.09% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 0.47
vs KMX: 0.22
CarMax Equity-to-Asset Historical Data
The historical data trend for CarMax's Equity-to-Asset 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.
For the Auto & Truck Dealerships subindustry, CarMax's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CarMax Equity-to-Asset Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CarMax's Equity-to-Asset falls into.
CarMax Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
CarMax's Equity to Asset Ratio for the fiscal year 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.
CarMax (NYSE:KMX) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
CarMax Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of CarMax's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.
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