Jacobs Solutions Inc. (J)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.61 | 14.77 | 14.92 | 12.51 | 9.57 | |
| Number of days of payables | days | 26.82 | 24.70 | 24.47 | 29.17 | 38.16 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.61
= 26.82
Jacobs Solutions Inc.'s number of days of payables has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on September 30, 2023, the company took approximately 26.82 days to pay off its payables. This represents a slight increase compared to the previous year, where the number of days of payables was 24.70 days.
Compared to the data from three years ago, the company has improved its efficiency in paying off its obligations as the number of days of payables decreased from 29.17 days in 2020 to the current 26.82 days in 2023. However, it is worth noting that in 2019, Jacobs Solutions Inc. took significantly longer to settle its payables, with the number of days reaching 38.16 days.
Overall, the company's management of its payables has shown some improvement in recent years, indicating a trend towards more efficient working capital management. This could suggest better cash flow management and potentially stronger supplier relationships.
Peer comparison
Sep 30, 2023