Jacobs Solutions Inc. (J)
Number of days of payables
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.61 | 12.77 | 13.83 | 14.26 | 16.82 | 13.77 | 15.16 | 15.63 | 14.72 | 14.78 | 14.89 | 16.70 | 14.85 | 14.83 | 14.70 | 13.12 | 12.41 | 10.10 | 10.29 | 9.98 | |
| Number of days of payables | days | 34.40 | 28.58 | 26.39 | 25.60 | 21.70 | 26.50 | 24.08 | 23.35 | 24.80 | 24.70 | 24.51 | 21.86 | 24.58 | 24.62 | 24.83 | 27.82 | 29.40 | 36.16 | 35.46 | 36.59 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.40
The analysis of Jacobs Solutions Inc.'s number of days of payables reveals a fluctuating trend over the past few quarters. As of September 30, 2024, the company's number of days of payables stood at 34.40 days, showing an increase compared to the previous quarter. This indicates that Jacobs Solutions took slightly longer to pay its creditors in the most recent quarter.
Looking back over the last few quarters, there have been variations in the number of days of payables, with some quarters showing a decreasing trend (e.g., March 31, 2024, at 26.39 days) and some quarters showing an increasing trend (e.g., June 30, 2024, at 28.58 days). The overall trend suggests that the company has been managing its payables efficiently, but there may be fluctuations based on seasonal or operational factors.
It is important for Jacobs Solutions Inc. to monitor its payables closely to ensure timely payments to creditors while also optimizing cash flow and working capital management. Analyzing the trends in the number of days of payables can provide valuable insights into the company's liquidity and financial health. Further assessment and comparison with industry benchmarks may help identify areas for improvement or optimization in the company's payables management practices.
Peer comparison
Sep 30, 2024