Azz (AZZ) Change in Receivables (2010 - 2023)
Azz (AZZ) posted quarterly Change in Receivables of -$12.9 million for Q2 2023, down 161.77% year-over-year from $20.9 million in Q2 2022, and down 227.89% quarter-over-quarter from $10.1 million in Q1 2023.
Azz (AZZ) Change in Receivables (2010 - 2023) Analysis & Trends
Azz (AZZ) has reported Change in Receivables for 14 consecutive years, with -$12.9 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Change in Receivables fell 161.77% year-over-year to -$12.9 million; the TTM figure through May 2023 stood at -$7.3 million (down 121.4% YoY), while the FY2023 annual figure was $26.5 million, up 24.68% from the prior year.
- Change in Receivables slipped to -$12.9 million in Q2 2023 per AZZ's latest filing, from $10.1 million in the prior quarter.
- Across five years, Change in Receivables topped out at $20.9 million in Q2 2022 and bottomed at -$27.1 million in Q1 2020.
- Historically, Change in Receivables has averaged $1.2 million across 5 years, with a median of $3.6 million in 2021.
- Annual changes were most pronounced in 2019 — Change in Receivables jumped 2336.73% — and 2022, when it sank 414.86%.
- Azz's Change in Receivables stood at $18.9 million in 2019, then sank by 47.27% to $10.0 million in 2020, then slumped by 38.26% to $6.2 million in 2021, then tumbled by 414.86% to -$19.4 million in 2022, then jumped by 33.26% to -$12.9 million in 2023.
- Business Quant data shows AZZ's Change in Receivables at -$12.9 million in Q2 2023, $10.1 million in Q1 2023, and -$19.4 million in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 82.05 Bn | 81.76 Bn | 1.48 Bn | 10.42 Mn |
| 2 | Relx | 65.99 Bn | 65.82 Bn | - | - |
| 3 | Copart | 31.93 Bn | 28.57 Bn | 732.88 Mn | -67.52 Mn |
| 4 | Global Payments | 25.36 Bn | 19.95 Bn | 2.03 Bn | 185.71 Mn |
| 5 | Rb Global | 16.13 Bn | 15.60 Bn | 935.50 Mn | - |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 44.72 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | -24.00 Mn |
| 8 | Rentokil Initial | 11.93 Bn | 9.41 Bn | - | - |
| 9 | Dolby Laboratories | 6.13 Bn | 5.46 Bn | 264.68 Mn | -105.57 Mn |
| 10 | Azz | 4.23 Bn | 4.23 Bn | 112.17 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2023 | -12.94 Mn |
| May 31, 2023 | -12.94 Mn |
| Feb 28, 2023 | 10.12 Mn |
| Feb 28, 2023 | 10.12 Mn |
| Nov 30, 2022 | -19.38 Mn |
| Nov 30, 2022 | -19.38 Mn |
| Aug 31, 2022 | 14.87 Mn |
| Aug 31, 2022 | 14.87 Mn |
| May 31, 2022 | 20.94 Mn |
| May 31, 2022 | 20.94 Mn |
| Feb 28, 2022 | 4.97 Mn |
| Feb 28, 2022 | 4.97 Mn |
| Nov 30, 2021 | 6.16 Mn |
| Nov 30, 2021 | 6.16 Mn |
| Aug 31, 2021 | 2.20 Mn |
| Aug 31, 2021 | 2.20 Mn |
| May 31, 2021 | 7.97 Mn |
| May 31, 2021 | 7.97 Mn |
| Feb 28, 2021 | 1.33 Mn |
| Feb 28, 2021 | 1.33 Mn |