AZZ Incorporated (AZZ)
Number of days of payables
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.34 | 12.20 | 15.28 | 8.61 | 13.30 | |
| Number of days of payables | days | 27.36 | 29.92 | 23.89 | 42.39 | 27.44 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.34
= 27.36
The analysis of AZZ Incorporated's number of days of payables indicates that the company takes an average of approximately 27.36 days to pay its trade payables as of February 29, 2024. This shows a slight improvement compared to the previous year's figure of 29.92 days as of February 28, 2023. In comparison to two years ago, the company has decreased its number of days of payables significantly from 42.39 days as of February 28, 2021, to the current level. However, it is higher than the figure reported as of February 28, 2022, which was 23.89 days. The consistent management of payables is crucial for maintaining healthy cash flow and supplier relationships.
Peer comparison
Feb 29, 2024