Jacobs Solutions Inc. (J)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.73 | 16.88 | 14.77 | 14.92 | 12.51 | |
| Number of days of payables | days | 34.02 | 21.63 | 24.70 | 24.47 | 29.17 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.73
= 34.02
Based on the data provided, Jacobs Solutions Inc.'s number of days of payables has been fluctuating over the past five years. In the most recent financial year (ending Sep 30, 2024), the company took approximately 34.02 days on average to pay its accounts payable. This represents an increase from the previous year (Sep 30, 2023), where it took 21.63 days to settle its payables.
Compared to the fiscal year ending Sep 30, 2022, there has been a notable increase in the number of days of payables, indicating that Jacobs Solutions Inc. is taking longer to pay its suppliers or vendors. However, the number of days of payables in 2024 is still lower than in 2020, suggesting a possible shift in the company's payment practices over the years.
It is essential to carefully monitor the trends in the number of days of payables as it can impact the company's liquidity position, relationships with suppliers, and overall financial health. Further analysis and benchmarking against industry peers may provide additional insights into Jacobs Solutions Inc.'s payables management efficiency.
Peer comparison
Sep 30, 2024