AZZ Incorporated (AZZ)
Number of days of payables
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 23.44 | 12.23 | 9.19 | 10.94 | 12.20 | 7.77 | 4.07 | 2.33 | 18.45 | 5.22 | 6.75 | 7.34 | 8.61 | 12.93 | 16.07 | 16.84 | 13.30 | 10.99 | 11.49 | 12.38 | |
| Number of days of payables | days | 15.57 | 29.84 | 39.73 | 33.38 | 29.92 | 46.98 | 89.65 | 156.33 | 19.78 | 69.88 | 54.07 | 49.72 | 42.39 | 28.23 | 22.71 | 21.68 | 27.44 | 33.21 | 31.76 | 29.49 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 23.44
= 15.57
AZZ Incorporated's number of days of payables has varied over the past few reporting periods. The company's payables turnover has fluctuated significantly, with a high of 156.33 days on August 31, 2022, and a low of 15.57 days on February 29, 2024. This indicates that the company has taken between approximately 2 weeks to 5 months to pay its suppliers in recent periods.
The trend in the number of days of payables suggests that AZZ Incorporated has experienced some challenges in managing its payables efficiently. A high number of days of payables may indicate that the company is taking longer to settle its obligations, potentially straining relationships with suppliers. Conversely, a low number of days of payables may signal improved working capital management and stronger cash flow.
It is important for stakeholders to closely monitor the number of days of payables to assess the company's liquidity position and ability to meet its financial obligations in a timely manner. Regular analysis of this ratio can provide insights into AZZ Incorporated's financial health and efficiency in managing its accounts payable.
Peer comparison
Feb 29, 2024