AutoZone Inc (AZO)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	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	11,434,080	11,311,220
Receivables	US$ in thousands	501,117	511,907	520,385	—	—	—	504,886	—	—	—	378,392	—	—	—	—	—	—	—	—	—
Receivables turnover		35.58	34.50	33.55	—	—	—	32.19	—	—	—	38.66	—	—	—	—	—	—	—	—	—

February 10, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $17,830,570K ÷ $501,117K
= 35.58

The receivables turnover ratio for AutoZone Inc has shown a consistent and strong performance over the past few quarters. The ratio indicates how efficiently the company is able to collect its outstanding receivables during a specific period.

AutoZone Inc's receivables turnover ratio has been relatively stable, ranging between 32.19 and 38.66 over the disclosed periods. This consistency suggests that the company has been effectively managing its receivables and collecting payments from customers in a timely manner.

A higher receivables turnover ratio generally indicates better liquidity and credit management. AutoZone Inc's consistent high turnover ratio reflects positively on its ability to efficiently convert credit sales into cash, which is a favorable indicator of its financial health and operational effectiveness.

Overall, the strong and steady trend in AutoZone Inc's receivables turnover ratio demonstrates the company's proficiency in managing its accounts receivable and collecting payments promptly, which is crucial for maintaining a healthy cash flow and financial stability.