Jack In The Box Inc (JACK)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.28 | 10.98 | 13.02 | 11.15 | 9.00 | |
| Number of days of payables | days | 35.52 | 33.26 | 28.03 | 32.74 | 40.56 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.28
= 35.52
The number of days of payables for Jack In The Box Inc has fluctuated over the past five years. In 2023, the company took around 35.52 days on average to pay its suppliers, up from 33.26 days in 2022 and 32.74 days in 2020. This increase suggests that the company may be taking slightly longer to settle its payables compared to the previous year.
However, when compared to 2019 and 2021, where the number of days of payables was 40.56 and 28.03 days respectively, the current figure falls in between. This indicates that Jack In The Box Inc has improved its payables management efficiency over the last three years.
Overall, the upward trend in the number of days of payables in 2023 compared to 2022 may warrant further investigation into the company's liquidity position and cash flow management to ensure timely payment to suppliers while maintaining healthy cash reserves.
Peer comparison
Sep 30, 2023