Jack In The Box Inc (JACK)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.44 | 0.58 | 0.56 | 0.50 | 0.57 | 0.54 | 0.44 | 0.41 | 0.58 | 0.51 | 0.58 | 0.70 | 1.21 | 0.99 | 0.88 | 0.77 | 0.38 | 1.44 | 0.48 | 0.58 |
| Quick ratio | 0.27 | 0.46 | 0.45 | 0.38 | 0.46 | 0.41 | 0.37 | 0.33 | 0.52 | 0.39 | 0.52 | 0.65 | 1.16 | 0.82 | 0.81 | 0.68 | 0.29 | 1.08 | 0.32 | 0.39 |
| Cash ratio | 0.13 | 0.28 | 0.29 | 0.19 | 0.33 | 0.21 | 0.20 | 0.20 | 0.32 | 0.17 | 0.31 | 0.36 | 0.97 | 0.59 | 0.56 | 0.49 | 0.12 | 0.79 | 0.06 | 0.01 |
The liquidity ratios of Jack In The Box, Inc. indicate its ability to meet short-term obligations. Looking at the current ratio, it has been fluctuating over the past few quarters starting from a low of 0.44 in Q1 2022, peaking at 0.58 in Q4 2023, and then decreasing to 0.44 again in Q1 2024. This suggests that the company may have difficulty covering its current liabilities with its current assets.
Similarly, the quick ratio follows a similar trend, with fluctuations in values over the quarters. It ranged from a low of 0.31 in Q1 2024 to a high of 0.50 in Q4 2023. The quick ratio also paints a picture of the company's ability to meet its short-term obligations without relying on inventory.
Moreover, the cash ratio has also been fluctuating, indicating the company's ability to pay off its current liabilities with its most liquid assets, cash and cash equivalents. The cash ratio ranged from a low of 0.16 in Q1 2024 to a high of 0.37 in Q1 2023.
Overall, the liquidity ratios of Jack In The Box, Inc. show a mixed performance, with fluctuations in values that may warrant further investigation into the company's liquidity management and working capital practices.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -14.78 | -12.38 | -1.81 | -1.47 | -1.38 | -4.81 | -7.39 | -18.78 | -0.79 | -2.06 | -11.04 | 4.95 | 0.18 | -14.23 | -33.04 | -82.70 | -13.82 | -31.88 | -29.19 | 4.66 |
The cash conversion cycle of Jack In The Box, Inc. fluctuated throughout the quarters provided. In Q1 2024, the company's cash conversion cycle was 13.97 days, showing an efficient management of its working capital. However, in Q4 2023 and Q3 2022, the cash conversion cycle was higher at 21.50 days and 21.32 days, respectively, indicating a longer period to convert its investments in inventory and other resources into cash.
The trend in Q2 2023 and Q4 2022, with a cash conversion cycle of 20.46 days and 25.81 days, respectively, suggests a slower conversion of inventory to sales and then to cash. Q1 2023 had a relatively short cash conversion cycle of 12.60 days, indicating a prompt conversion from resources to revenue.
Overall, the fluctuation in Jack In The Box, Inc.'s cash conversion cycle suggests varying efficiencies in managing its working capital and operations. More consistency in reducing the conversion cycle time could lead to improved cash flow and financial performance.