Azz (AZZ) Change in Account Payables (2010 - 2023)
Azz (AZZ) posted quarterly Change in Account Payables of -$2.7 million for Q2 2023, down 107.03% year-over-year from $37.9 million in Q2 2022, and down 345.17% quarter-over-quarter from $1.1 million in Q1 2023.
Azz (AZZ) Change in Account Payables (2010 - 2023) Analysis & Trends
Azz (AZZ) has reported Change in Account Payables for 14 consecutive years, with -$2.7 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Change in Account Payables fell 107.03% year-over-year to -$2.7 million; the TTM figure through May 2023 stood at -$54.6 million (down 246.37% YoY), while the FY2023 annual figure was -$14.0 million, down 345.41% from the prior year.
- Change in Account Payables eased to -$2.7 million in Q2 2023 per AZZ's latest filing, from $1.1 million in the prior quarter.
- Across five years, Change in Account Payables topped out at $68.1 million in Q3 2019 and bottomed at -$55.1 million in Q2 2019.
- Historically, Change in Account Payables has averaged $1.4 million across 5 years, with a median of $1.3 million in 2021.
- Annual changes were most pronounced in 2019 — Change in Account Payables jumped 916.45% — and 2022, when it sank 3226.6%.
- Azz's Change in Account Payables stood at $5.4 million in 2019, then jumped by 65.61% to $8.9 million in 2020, then sank by 82.77% to $1.5 million in 2021, then tumbled by 3226.6% to -$48.0 million in 2022, then surged by 94.44% to -$2.7 million in 2023.
- Business Quant data shows AZZ's Change in Account Payables at -$2.7 million in Q2 2023, $1.1 million in Q1 2023, and -$48.0 million in Q4 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Account Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | -19.89 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | - |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | - |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | - |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | -109.25 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | 3.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | - |
| 10 | Azz | 4.23 Bn | 4.22 Bn | 112.17 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2023 | -2.67 Mn |
| May 31, 2023 | -2.67 Mn |
| Feb 28, 2023 | 1.09 Mn |
| Feb 28, 2023 | 1.09 Mn |
| Nov 30, 2022 | -47.96 Mn |
| Nov 30, 2022 | -47.96 Mn |
| Aug 31, 2022 | -5.08 Mn |
| Aug 31, 2022 | -5.08 Mn |
| May 31, 2022 | 37.92 Mn |
| May 31, 2022 | 37.92 Mn |
| Feb 28, 2022 | 3.35 Mn |
| Feb 28, 2022 | 3.35 Mn |
| Nov 30, 2021 | 1.53 Mn |
| Nov 30, 2021 | 1.53 Mn |
| Aug 31, 2021 | -5.49 Mn |
| Aug 31, 2021 | -5.49 Mn |
| May 31, 2021 | 6.32 Mn |
| May 31, 2021 | 6.32 Mn |
| Feb 28, 2021 | 25.84 Mn |
| Feb 28, 2021 | 25.84 Mn |