Jack In The Box Inc (JACK)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.57 | 10.28 | 10.98 | 13.02 | 11.15 | |
| Number of days of payables | days | 34.53 | 35.52 | 33.26 | 28.03 | 32.74 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.57
= 34.53
The number of days of payables for Jack In The Box Inc has fluctuated over the past five years. In 2024, the company took an average of 34.53 days to pay its suppliers, a slight decrease from the previous year's average of 35.52 days. This indicates that the company is slightly more efficient in managing its accounts payable in 2024.
Comparing 2024 to 2021, there has been a noticeable increase in the number of days of payables, from 28.03 days in 2021 to 34.53 days in 2024. This suggests that the company may be taking longer to settle its payables, which could potentially indicate a liquidity management strategy or changing supplier payment terms.
Overall, the trend in the number of days of payables for Jack In The Box Inc shows some variability, with fluctuations between years. Further analysis would be necessary to understand the specific factors driving these changes and their impact on the company's financial performance and cash flow management.
Peer comparison
Sep 30, 2024