Jabil Circuit Inc (JBL)
Number of days of payables
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.48 | 5.85 | 4.01 | 4.13 | 4.70 | |
| Number of days of payables | days | 81.41 | 62.40 | 90.97 | 88.47 | 77.66 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.48
= 81.41
The number of days of payables for Jabil Circuit Inc has fluctuated over the past five years. In particular, we observe the following trend:
- In 2024, Jabil Circuit Inc took on average 81.41 days to pay its accounts payable, indicating a moderate improvement compared to the previous year.
- In 2023 and 2022, the number of days to payables were 62.40 days and 90.97 days respectively, suggesting a significant decrease in 2023 followed by an increase in 2022.
- In 2021 and 2020, the number of days to payables were 88.47 days and 77.66 days respectively, showing a decrease in 2020 compared to the previous year.
Overall, the trend in the number of days of payables indicates fluctuations in the company's payment efficiency. It is essential for stakeholders to monitor this ratio over time to assess the company's liquidity management and supplier relationship strategy.
Peer comparison
Aug 31, 2024