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AutoZone Inc (NYSE:AZO)
Days Payable
331.31 (As of Feb. 2015)

AutoZone Inc's payable for the three months ended in Feb. 2015 was $3,717 Mil. AutoZone Inc's cost of goods sold for the three months ended in Feb. 2015 was $1,024 Mil. Hence, AutoZone Inc's days payable for the three months ended in Feb. 2015 was 331.31.

AutoZone Inc's days payable declined from Feb. 2014 (332.83) to Feb. 2015 (331.31). It may suggest that AutoZone Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

AutoZone Inc's Days Payable for the fiscal year that ended in Aug. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3609.199/4540.406*365
=290.14

AutoZone Inc's Days Payable for the quarter that ended in Feb. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=3716.519/1023.618*365 / 4
=331.31

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

AutoZone Inc Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
DaysPayable 192.58206.12219.86229.15227.43243.25254.43256.07273.96290.14

AutoZone Inc Quarterly Data

Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14Feb15
DaysPayable 287.49309.95267.49202.42308.48332.83290.07226.43310.80331.31
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