Azz (AZZ) Change in Inventory (2010 - 2023)
Azz (AZZ) posted quarterly Change in Inventory of $1.2 million for Q2 2023, down 88.44% year-over-year from $10.4 million in Q2 2022, and down 53.06% quarter-over-quarter from $2.6 million in Q1 2023.
Azz (AZZ) Change in Inventory (2010 - 2023) Analysis & Trends
Azz (AZZ) has reported Change in Inventory for 14 consecutive years, with $1.2 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Change in Inventory fell 88.44% year-over-year to $1.2 million; the TTM figure through May 2023 stood at $8.0 million (down 61.51% YoY), while the FY2023 annual figure was $17.2 million, down 8.35% from the prior year.
- Change in Inventory declined to $1.2 million in Q2 2023 per AZZ's latest filing, from $2.6 million in the prior quarter.
- Across five years, Change in Inventory topped out at $10.4 million in Q2 2022 and bottomed at -$19.6 million in Q1 2020.
- Historically, Change in Inventory has averaged $688944.4 across 5 years, with a median of $1.7 million in 2019.
- Annual changes were most pronounced in 2019 — Change in Inventory slumped 1072.68% — and 2022, when it soared 429.28%.
- Azz's Change in Inventory stood at $9.3 million in 2019, then tumbled by 86.21% to $1.3 million in 2020, then soared by 217.69% to $4.1 million in 2021, then slumped by 135.21% to -$1.4 million in 2022, then jumped by 183.48% to $1.2 million in 2023.
- Business Quant data shows AZZ's Change in Inventory at $1.2 million in Q2 2023, $2.6 million in Q1 2023, and -$1.4 million in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | -5.69 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | 7.86 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 | -20.33 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | - |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | -2.66 Mn |
| 10 | Azz | 4.23 Bn | 4.22 Bn | 112.17 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2023 | 1.20 Mn |
| May 31, 2023 | 1.20 Mn |
| Feb 28, 2023 | 2.55 Mn |
| Feb 28, 2023 | 2.55 Mn |
| Nov 30, 2022 | -1.44 Mn |
| Nov 30, 2022 | -1.44 Mn |
| Aug 31, 2022 | 5.72 Mn |
| Aug 31, 2022 | 5.72 Mn |
| May 31, 2022 | 10.36 Mn |
| May 31, 2022 | 10.36 Mn |
| Feb 28, 2022 | 9.24 Mn |
| Feb 28, 2022 | 9.24 Mn |
| Nov 30, 2021 | 4.08 Mn |
| Nov 30, 2021 | 4.08 Mn |
| Aug 31, 2021 | -2.81 Mn |
| Aug 31, 2021 | -2.81 Mn |
| May 31, 2021 | 8.25 Mn |
| May 31, 2021 | 8.25 Mn |
| Feb 28, 2021 | -2.81 Mn |
| Feb 28, 2021 | -2.81 Mn |