Jabil Circuit Inc (JBL)
Number of days of payables
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.48 | 5.40 | 6.10 | 5.69 | 5.85 | 5.28 | 4.84 | 4.13 | 4.01 | 4.32 | 4.31 | 3.86 | 4.13 | 4.55 | 4.86 | 4.18 | 4.70 | 5.19 | 5.54 | 4.33 | |
| Number of days of payables | days | 81.41 | 67.54 | 59.79 | 64.19 | 62.40 | 69.16 | 75.41 | 88.47 | 90.97 | 84.46 | 84.77 | 94.44 | 88.47 | 80.30 | 75.04 | 87.28 | 77.66 | 70.30 | 65.87 | 84.23 |
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 shown some fluctuations over the past few years. The average number of days payable outstanding appears to be around 76 days. Payables can be managed efficiently by the company as it ranges from 59.79 days to 94.44 days. A lower number of days of payables indicates that the company is taking less time to pay off its suppliers, which can be favorable for cash flow management. On the other hand, a higher number of days of payables could suggest potential liquidity issues or strain on supplier relationships. Jabil Circuit Inc should monitor and manage its payables effectively to support its financial health and maintain strong relationships with its suppliers.
Peer comparison
Aug 31, 2024