Jack In The Box Inc (JACK)

Payables turnover

		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	Sep 30, 2019	Jul 7, 2019	Apr 14, 2019
Cost of revenue (ttm)	US$ in thousands	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	261,494	342,629	342,584
Payables	US$ in thousands	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	37,066	51,131	25,144
Payables turnover		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	7.05	6.70	13.62

January 21, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $834,695K ÷ $70,135K
= 11.90

Based on the data provided for Jack In The Box, Inc., the payables turnover ratio is consistently reported as 0.00 for all quarters in the table. A payables turnover ratio of 0.00 indicates that the company is not effectively utilizing its accounts payable to manage its short-term liabilities, as there is no frequency of paying off its payables. It suggests a potential issue with the company's cash flow management or payment practices. Further investigation into the reasons behind the consistently low or zero payables turnover ratio is warranted to assess the company's financial health and operational efficiency.