Jacobs Solutions Inc. (J)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.26 | 13.56 | 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 | 9.37 | 14.24 | 15.78 | |
| Number of days of payables | days | 25.60 | 26.92 | 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 | 38.96 | 25.63 | 23.13 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.26
= 25.60
The number of days of payables for Jacobs Solutions Inc. has fluctuated over the past few years, with an average ranging from around 23 days to 29 days. The company's payables turnover has generally been healthy, indicating that Jacobs Solutions Inc. has been able to manage its accounts payable efficiently.
In more recent periods, the number of days of payables has been relatively stable, suggesting consistent payment practices by the company. However, the slight increase in the number of days of payables in the most recent quarter compared to the previous quarter may indicate a potential slowing down in payment processing or an extended payment cycle.
Overall, Jacobs Solutions Inc.'s number of days of payables reflects a balanced approach to managing its accounts payable, and monitoring this ratio going forward will provide insights into the company's liquidity and working capital management.
Peer comparison
Dec 31, 2023