Azz (AZZ) Change in Accured Expenses (2010 - 2023)
Azz (AZZ) posted quarterly Change in Accured Expenses of -$6.3 million for Q2 2023, down 1292.66% year-over-year from $531000.0 in Q2 2022, and up 68.25% quarter-over-quarter from -$19.9 million in Q1 2023.
Azz (AZZ) Change in Accured Expenses (2010 - 2023) Analysis & Trends
Azz (AZZ) has reported Change in Accured Expenses for 14 consecutive years, with -$6.3 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Change in Accured Expenses fell 1292.66% year-over-year to -$6.3 million; the TTM figure through May 2023 stood at -$9.4 million (down 146.2% YoY), while the FY2023 annual figure was -$2.6 million, down 58.98% from the prior year.
- Change in Accured Expenses advanced to -$6.3 million in Q2 2023 per AZZ's latest filing, from -$19.9 million in the prior quarter.
- Across five years, Change in Accured Expenses topped out at $22.4 million in Q3 2022 and bottomed at -$19.9 million in Q1 2023.
- Historically, Change in Accured Expenses has averaged $611888.9 across 5 years, with a median of $38500.0 in 2019.
- Annual changes were most pronounced in 2020 — Change in Accured Expenses slumped 4219.38% — and 2022, when it jumped 1453.5%.
- Azz's Change in Accured Expenses stood at $21.3 million in 2019, then slumped by 57.91% to $8.9 million in 2020, then sank by 116.4% to -$1.5 million in 2021, then sank by 279.07% to -$5.6 million in 2022, then fell by 13.88% to -$6.3 million in 2023.
- Business Quant data shows AZZ's Change in Accured Expenses at -$6.3 million in Q2 2023, -$19.9 million in Q1 2023, and -$5.6 million in Q4 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Accured Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | 60.14 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | 33.19 Mn |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | -70.94 Mn |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | - |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | -6.96 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | 83.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | -47.26 Mn |
| 10 | Azz | 4.23 Bn | 4.22 Bn | 112.17 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2023 | -6.33 Mn |
| May 31, 2023 | -6.33 Mn |
| Feb 28, 2023 | -19.95 Mn |
| Feb 28, 2023 | -19.95 Mn |
| Nov 30, 2022 | -5.56 Mn |
| Nov 30, 2022 | -5.56 Mn |
| Aug 31, 2022 | 22.42 Mn |
| Aug 31, 2022 | 22.42 Mn |
| May 31, 2022 | 531,000.00 |
| May 31, 2022 | 531,000.00 |
| Feb 28, 2022 | -4.33 Mn |
| Feb 28, 2022 | -4.33 Mn |
| Nov 30, 2021 | -1.47 Mn |
| Nov 30, 2021 | -1.47 Mn |
| Aug 31, 2021 | 1.44 Mn |
| Aug 31, 2021 | 1.44 Mn |
| May 31, 2021 | 2.75 Mn |
| May 31, 2021 | 2.75 Mn |
| Feb 28, 2021 | -1.42 Mn |
| Feb 28, 2021 | -1.42 Mn |