Jabil Circuit Inc (JBL)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 27,753,000 | 29,172,000 | 30,772,000 | 32,015,000 | 33,220,000 | 33,807,000 | 33,714,000 | 33,179,000 | 32,123,000 | 30,604,500 | 29,570,710 | 28,921,540 | 28,224,000 | 28,152,640 | 27,453,550 | 26,895,330 | 26,728,150 | 26,060,910 | 25,778,030 | 25,656,270 |
| Payables | US$ in thousands | 6,190,000 | 5,398,000 | 5,041,000 | 5,630,000 | 5,679,000 | 6,406,000 | 6,965,000 | 8,042,000 | 8,006,000 | 7,082,000 | 6,868,000 | 7,483,000 | 6,841,000 | 6,193,200 | 5,644,360 | 6,431,570 | 5,687,000 | 5,019,290 | 4,652,140 | 5,920,280 |
| 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 |
August 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $27,753,000K ÷ $6,190,000K
= 4.48
The payables turnover ratio for Jabil Circuit Inc has shown fluctuations over the past few quarters. The ratio represents how efficiently the company is managing its accounts payable by paying its suppliers. A higher turnover ratio indicates that the company is paying its suppliers more frequently.
In the most recent quarter, ending August 31, 2024, the payables turnover ratio was 4.48. This implies that Jabil Circuit Inc paid its accounts payable approximately 4.48 times during the quarter. Compared to the previous quarter, the ratio decreased from 5.40 to 4.48, indicating a decrease in the frequency of payments to suppliers.
Over the past five quarters, the payables turnover ratio has ranged from a low of 3.86 to a high of 6.10. The company's ability to manage its payables effectively has varied during this period, with some quarters showing higher efficiency in payments than others.
It is essential for investors and analysts to monitor changes in the payables turnover ratio to assess how efficiently Jabil Circuit Inc is managing its working capital and its relationship with suppliers. Further analysis may be needed to understand the factors contributing to the fluctuations in the payables turnover ratio.
Peer comparison
Aug 31, 2024