AutoZone Inc (AZO)
Number of days of payables
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.18 | 1.16 | 1.07 | 1.15 | 1.14 | |
| Number of days of payables | days | 309.55 | 313.41 | 342.56 | 317.58 | 321.10 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.18
= 309.55
AutoZone Inc's number of days of payables has fluctuated over the past five years. In the most recent fiscal year as of August 31, 2024, the company took on average approximately 309.55 days to pay its suppliers. This represents a slight improvement compared to the previous year, where the number of days of payables was 313.41 days.
Looking back further, in the fiscal year ended August 27, 2022, AutoZone Inc had an extended average payment period of 342.56 days, indicating a slower payment cycle. In the preceding fiscal year as of August 28, 2021, the number of days of payables was 317.58 days, suggesting a shorter payment period compared to 2022 but longer than the most recent year.
Going back to the fiscal year ended August 29, 2020, the number of days of payables for AutoZone Inc was 321.10 days. This demonstrates a consistent trend of variability in the company's payment cycle over the analyzed period.
Overall, the downward trend in the number of days of payables from 2022 to 2024 may indicate that AutoZone Inc has improved its efficiency in managing supplier payments. However, further analysis and comparison with industry benchmarks would be beneficial to provide more context to this trend.
Peer comparison
Aug 31, 2024