AutoZone Inc (AZO)
Number of days of payables
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.16 | 1.07 | 1.15 | 1.14 | 1.13 | |
| Number of days of payables | days | 313.41 | 342.56 | 317.58 | 321.10 | 322.93 |
August 26, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.16
= 313.41
The number of days of payables for Autozone Inc. decreased from 342.56 days in 2022 to 313.41 days in 2023. This indicates that the company took fewer days to pay its suppliers and vendors for goods and services. The decreasing trend over the past two years suggests an improvement in the company's ability to manage its payables efficiently. However, it is important to monitor this ratio closely to ensure that the company maintains a balance between managing payables effectively and maintaining positive supplier relationships.
Peer comparison
Aug 26, 2023
Company name
Symbol
Number of days of payables
AutoZone Inc
AZO
313.41
Advance Auto Parts Inc
AAP
136.12
MarineMax Inc
HZO
16.78
O’Reilly Automotive Inc
ORLY
176.03