Jack In The Box Inc (JACK)
Payables turnover
| Sep 30, 2024 | Jul 7, 2024 | Apr 14, 2024 | Jan 21, 2024 | Sep 30, 2023 | Jul 9, 2023 | Apr 16, 2023 | Jan 22, 2023 | Sep 30, 2022 | Jul 10, 2022 | Apr 17, 2022 | Jan 23, 2022 | Sep 30, 2021 | Jun 30, 2021 | Apr 11, 2021 | Jan 17, 2021 | Sep 30, 2020 | Jul 5, 2020 | Apr 12, 2020 | Jan 19, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 734,808 | 776,096 | 809,094 | 834,695 | 873,414 | 873,088 | 884,892 | 847,338 | 727,375 | 554,165 | 451,303 | 394,073 | 379,230 | 355,720 | 342,717 | 272,737 | 253,086 | 136,211 | 156,009 | 229,821 |
| Payables | US$ in thousands | 69,494 | 68,964 | 82,336 | 70,135 | 84,960 | 50,885 | 58,476 | 37,519 | 66,271 | 49,286 | 48,559 | 22,461 | 29,119 | 34,557 | 24,695 | 16,049 | 31,105 | 26,339 | 47,867 | 23,467 |
| Payables turnover | 10.57 | 11.25 | 9.83 | 11.90 | 10.28 | 17.16 | 15.13 | 22.58 | 10.98 | 11.24 | 9.29 | 17.54 | 13.02 | 10.29 | 13.88 | 16.99 | 8.14 | 5.17 | 3.26 | 9.79 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $734,808K ÷ $69,494K
= 10.57
The payables turnover ratio of Jack In The Box Inc has fluctuated over the past several quarters. The ratio represents the efficiency with which the company is able to pay its suppliers and creditors. A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently within a given period.
In the most recent quarter, the payables turnover ratio was 10.57, which decreased from the preceding quarter's ratio of 11.25. This suggests that the company took slightly longer to pay off its suppliers compared to the prior quarter. However, on a year-over-year basis, the current ratio is higher compared to the same quarter in the previous year, indicating an improvement in the company's ability to manage its payables.
It is important for investors and stakeholders to monitor changes in the payables turnover ratio, as it can provide insights into the company's liquidity, working capital management, and relationships with suppliers. Overall, while the recent slight decrease in the ratio may warrant further monitoring, the general trend over the past year has shown improvement in managing payables efficiently.
Peer comparison
Sep 30, 2024