AutoZone Inc (AZO)

Payables turnover

Aug 31, 2024 Aug 26, 2023 Aug 27, 2022 Aug 28, 2021 Aug 29, 2020
Cost of revenue US$ in thousands 8,673,220 8,386,790 7,779,580 6,911,800 5,861,210
Payables US$ in thousands 7,355,700 7,201,280 7,301,350 6,013,920 5,156,320
Payables turnover 1.18 1.16 1.07 1.15 1.14

August 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $8,673,220K ÷ $7,355,700K
= 1.18

The payables turnover ratio for AutoZone Inc has shown a fluctuating trend over the past five years. The ratio measures how efficiently the company is managing its accounts payable by paying off suppliers.

In the most recent year ending August 31, 2024, the payables turnover ratio was 1.18, which indicates that the company paid off its suppliers approximately 1.18 times during the year. This represents a slight increase from the previous year, where the ratio was 1.16.

Looking further back, the payables turnover ratio was 1.07 in 2022, 1.15 in 2021, and 1.14 in 2020. This indicates some variability in the company's management of its payables over the years, with a relatively higher turnover in 2024 compared to 2022.

Overall, AutoZone Inc's payables turnover ratio has shown some variability but has generally been in the range of 1.07 to 1.18 over the past five years. This suggests that the company is fairly efficient in managing its accounts payable and has been consistent in its payment practices.


Peer comparison

Aug 31, 2024


See also:

AutoZone Inc Payables Turnover