The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. AutoZone's Revenue for the
three
months ended in Aug. 2024 was $6,205 Mil. AutoZone's average Accounts Receivable for the
three
months ended in Aug. 2024 was $566 Mil.
Hence, AutoZone's Receivables Turnover for the
three
months ended in Aug. 2024 was 10.96.
AutoZone Receivables Turnover Historical Data
The historical data trend for AutoZone's Receivables Turnover 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.
Competitive Comparison of AutoZone's Receivables Turnover
For the Specialty Retail subindustry, AutoZone's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where AutoZone's Receivables Turnover falls into.
AutoZone Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
AutoZone's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as
* 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.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
AutoZone Receivables Turnover Related Terms
Thank you for viewing the detailed overview of AutoZone's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,400 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
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