AutoZone Inc (AZO)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,490,270 | 17,975,510 | 17,830,570 | 17,662,420 | 17,457,210 | 17,114,950 | 16,889,630 | 16,568,400 | 16,252,230 | 15,817,350 | 15,603,150 | 15,144,220 | 14,629,580 | 14,262,070 | 13,390,350 | 13,272,570 | 14,106,750 | 12,343,790 | 12,015,060 | 11,863,750 |
| Receivables | US$ in thousands | 545,575 | 586,775 | 501,117 | 511,907 | 520,385 | — | — | — | 504,886 | — | — | — | 378,392 | — | — | — | — | — | — | — |
| Receivables turnover | 33.89 | 30.63 | 35.58 | 34.50 | 33.55 | — | — | — | 32.19 | — | — | — | 38.66 | — | — | — | — | — | — | — |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $18,490,270K ÷ $545,575K
= 33.89
AutoZone Inc's receivables turnover has shown some fluctuations over the recent quarters. The company's ability to collect its accounts receivable improved from 30.63 in May 4, 2024, to 35.58 in Feb 10, 2024, before slightly decreasing to 34.50 in Nov 18, 2023. The receivables turnover ratio indicates that AutoZone is collecting its receivables approximately 34 to 36 times a year, which implies efficient management of its credit sales and collection process.
However, there are gaps in the data where the receivables turnover ratio is missing, indicating possible reporting issues or changes in accounting practices. It is important for investors and analysts to consider the trend in receivables turnover over multiple periods to gain a more comprehensive understanding of AutoZone's liquidity and operational efficiency.
Peer comparison
Aug 31, 2024