AutoZone Inc (AZO)

Days of sales outstanding (DSO)

		Aug 31, 2024	Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020
Receivables turnover		33.89	33.55	32.19	38.66	34.63
DSO	days	10.77	10.88	11.34	9.44	10.54

August 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 33.89
= 10.77

The Days of Sales Outstanding (DSO) for AutoZone Inc have varied over the past five years. In the most recent fiscal year ending August 31, 2024, the DSO was 10.77 days, slightly lower than the previous year's DSO of 10.88 days. This suggests that the company was able to collect its accounts receivable slightly faster in the most recent year.

Looking back further, the DSO was higher in the fiscal year ending August 27, 2022, at 11.34 days, compared to 9.44 days in the fiscal year ending August 28, 2021. However, the DSO for the fiscal year ending August 29, 2020, was similar to the most recent year at 10.54 days.

Overall, the trend in DSO for AutoZone Inc has shown some fluctuations over the past five years, with a general improvement in collection efficiency from 2022 to 2024. A lower DSO indicates that the company is collecting its accounts receivable more quickly, which can be a positive sign of effective credit management and liquidity.