AutoZone (AutoZone) Days Payable : 367.49 (As of Feb. 2024)

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What is AutoZone Days Payable?

AutoZone's average Accounts Payable for the three months ended in Feb. 2024 was $7,166 Mil. AutoZone's Cost of Goods Sold for the three months ended in Feb. 2024 was $1,779 Mil. Hence, AutoZone's Days Payable for the three months ended in Feb. 2024 was 367.49.

The historical rank and industry rank for AutoZone's Days Payable or its related term are showing as below:

AZO' s Days Payable Range Over the Past 10 Years
Min: 278.02 Med: 296.65 Max: 315.58
Current: 313.81

During the past 13 years, AutoZone's highest Days Payable was 315.58. The lowest was 278.02. And the median was 296.65.

AZO's Days Payable is ranked better than
94.44% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs AZO: 313.81

AutoZone's Days Payable declined from Feb. 2023 (380.02) to Feb. 2024 (367.49). It may suggest that AutoZone accelerated paying its suppliers.

AutoZone Days Payable Historical Data

The historical data trend for AutoZone's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AutoZone Days Payable Chart

AutoZone Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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307.81

312.03

294.94

312.36

315.58

AutoZone Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															380.02	341.11	244.44	332.08	367.49

Competitive Comparison of AutoZone's Days Payable

For the Specialty Retail subindustry, AutoZone's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AutoZone's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's Days Payable distribution charts can be found below:

* The bar in red indicates where AutoZone's Days Payable falls into.

AutoZone Days Payable Calculation

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

AutoZone's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (7301.347	+	7201.281)	/	2 )	/	8386.787	*	365
=	7251.314					/	8386.787	*	365
=	315.58

AutoZone's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (7182.948	+	7149.882)	/	2 )	/	1779.474	*	365 / 4
=	7166.415					/	1779.474	*	365 / 4
=	367.49

AutoZone Days Payable Related Terms

Thank you for viewing the detailed overview of AutoZone's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

AutoZone (AutoZone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (NYSE:AZO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AZO:Mexico AZ5:Germany AZ5:Germany AZOI34:Brazil AZO:Austria

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.

Executives

K. Michelle Borninkhof	officer: Senior Vice President & CIO	123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas	officer: Vice President and Controller	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman	officer: SVP, Marketing	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer	officer: Senior Vice President	123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Jenna M. Bedsole	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
William R. Hackney	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Rhodes William C Iii	officer: Senior Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Philip B. Daniele	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103