John B Sanfilippo & Son Inc (JBSS)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.96 | 18.46 | 15.85 | 13.78 | 19.39 | |
| Number of days of payables | days | 22.87 | 19.77 | 23.03 | 26.48 | 18.82 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.96
= 22.87
The number of days of payables for John B Sanfilippo & Son Inc has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the company took an average of 22.87 days to pay its suppliers, compared to 19.77 days in the previous year. This indicates that the company is taking slightly longer to settle its payables.
Looking back over the five-year period, the number of days of payables has varied, with a high of 26.48 days in June 2021 and a low of 18.82 days in June 2020. These fluctuations may suggest changes in the company's payment practices, supplier relationships, or operational efficiency.
Overall, analyzing the number of days of payables can provide insights into how efficiently John B Sanfilippo & Son Inc manages its working capital by balancing the timing of payments to suppliers.
Peer comparison
Jun 30, 2024