AutoZone Inc (AZO)

Number of days of payables

		Aug 31, 2024	May 4, 2024	Feb 10, 2024	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Nov 23, 2019	Aug 31, 2019
Payables turnover		1.18	1.14	1.17	1.17	1.16	1.15	1.12	1.09	1.07	1.11	1.16	1.16	1.15	1.16	1.17	1.17	1.27	1.19	1.13	1.13
Number of days of payables	days	309.55	319.60	311.01	313.14	313.41	317.76	325.79	334.06	342.56	329.17	314.20	313.86	317.58	314.82	312.42	311.36	286.39	306.18	322.75	322.93

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 shown some fluctuations over the past few years. The average number of days of payables has been around 315 days, indicating that, on average, it takes the company approximately 10.5 months to pay off its payables.

There was a peak in the number of days of payables in August 2024 at 309.55 days, which may suggest that the company took longer to settle its payables during that period. On the other hand, the lowest number of days of payables was observed in August 2020 at 286.39 days, indicating a quicker turnaround in paying off obligations during that period.

Overall, the data shows some variability in AutoZone Inc's payables management, with periods of both longer and shorter payment cycles. It is important for the company to monitor and manage its payables effectively to maintain healthy cash flow and relationships with its suppliers.