Jabil Circuit Inc (JBL)
Number of days of payables
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 4.76 | 4.93 | |
| Number of days of payables | days | 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 | 76.69 | 74.11 |
February 29, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.10
= 59.79
The number of days of payables for Jabil Circuit Inc has shown some variation over the time period analyzed. The average number of days of payables over the period is approximately 77.23 days.
A lower number of days of payables indicates that the company takes less time to pay its suppliers, which can be beneficial for maintaining good relationships with vendors. On the other hand, a higher number of days of payables can suggest that the company is taking longer to settle its accounts payable, potentially indicating liquidity issues or inefficiencies in managing working capital.
Considering the trends observed in the data, it appears that the number of days of payables for Jabil Circuit Inc has fluctuated during the period analyzed. It is important to further investigate the reasons behind these fluctuations to assess the company's management of its accounts payable and working capital efficiency.
Peer comparison
Feb 29, 2024