AutoZone Inc (AZO)

Number of days of payables

		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	May 4, 2019	Feb 9, 2019
Payables turnover		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	1.13	1.12
Number of days of payables	days	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	323.72	325.40

February 10, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.17
= 311.01

AutoZone Inc's number of days of payables has shown fluctuations over the analyzed periods. The company's payables were at their highest level on Nov 19, 2022, with 334.06 days, indicating that the company took a relatively long time to pay its suppliers during that period. Conversely, the lowest number of days of payables was recorded on May 8, 2021, at 286.39 days, suggesting a more efficient management of its payables during that time.

Overall, AutoZone Inc's number of days of payables has varied between 286.39 days and 342.56 days over the analyzed periods, showcasing some inconsistency in the company's payment practices. It is crucial for stakeholders to keep monitoring this ratio to assess the company's ability to efficiently manage its payables and maintain healthy supplier relationships.