AZZ (FRA:AI7) Days Payable : 29.22 (As of Feb. 2024)

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What is AZZ Days Payable?

AZZ's average Accounts Payable for the three months ended in Feb. 2024 was €85 Mil. AZZ's Cost of Goods Sold for the three months ended in Feb. 2024 was €265 Mil. Hence, AZZ's Days Payable for the three months ended in Feb. 2024 was 29.22.

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

FRA:AI7' s Days Payable Range Over the Past 10 Years
Min: 19.37 Med: 26.77 Max: 52.82
Current: 31.22

During the past 13 years, AZZ's highest Days Payable was 52.82. The lowest was 19.37. And the median was 26.77.

FRA:AI7's Days Payable is ranked worse than
65.8% of 927 companies
in the Business Services industry
Industry Median: 47.14 vs FRA:AI7: 31.22

AZZ's Days Payable declined from Feb. 2023 (32.93) to Feb. 2024 (29.22). It may suggest that AZZ accelerated paying its suppliers.

AZZ Days Payable Historical Data

The historical data trend for AZZ'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.

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AZZ Days Payable Chart

AZZ Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Payable

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25.00

56.27

30.70

19.12

26.87

AZZ 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															32.93	29.96	35.61	34.45	29.22

Competitive Comparison of AZZ's Days Payable

For the Specialty Business Services subindustry, AZZ'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.

AZZ's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, AZZ's Days Payable distribution charts can be found below:

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

AZZ 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.

AZZ's Days Payable for the fiscal year that ended in Feb. 2024 is calculated as

	Days Payable (A: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2023 )	+	Accounts Payable (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (78.695	+	81.577)	/	2 )	/	1088.417	*	365
=	80.136					/	1088.417	*	365
=	26.87

AZZ'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
=	( (87.926	+	81.577)	/	2 )	/	264.678	*	365 / 4
=	84.7515					/	264.678	*	365 / 4
=	29.22

AZZ Days Payable Related Terms

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AZZ (FRA:AI7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AZZ Inc (FRA:AI7) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AZZ:USA

Address

3100 West 7th Street, Suite 500, One Museum Place, Fort Worth, TX, USA, 76107

Website

https://www.azz.com

AZZ Inc is a provider of galvanizing and a variety of metal coating solutions and coil coating solutions to a broad range of end markets in North America. In its Metal Coatings segment, the company offers metal finishing services to protect against corrosion, such as hot dip galvanizing, spin galvanizing, powder coating, anodizing, and plating. The Precoat Metals Segment offers aesthetic and corrosion-resistant coatings for steel and aluminum coils.

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