John B Sanfilippo & Son Inc (JBSS)
Number of days of payables
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Dec 23, 2021 | Sep 30, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.94 | 17.39 | 14.27 | 15.21 | 15.97 | 15.80 | 12.37 | 14.70 | 18.47 | 19.18 | 16.23 | 15.31 | 16.40 | 15.45 | 11.84 | 11.19 | 14.55 | 14.69 | 13.78 | 15.50 | |
| Number of days of payables | days | 24.43 | 20.99 | 25.58 | 24.00 | 22.85 | 23.10 | 29.51 | 24.83 | 19.76 | 19.03 | 22.49 | 23.84 | 22.25 | 23.63 | 30.84 | 32.62 | 25.08 | 24.85 | 26.48 | 23.55 |
June 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.94
= 24.43
The analysis of John B Sanfilippo & Son Inc’s days of payables over the observed periods indicates notable fluctuations that reflect the company’s varying payment practices and potentially its strategic management of working capital.
From the beginning of the period in March 2021 through June 2021, the number of days payable increased from approximately 23.55 days to 26.48 days, suggesting a modest extension in the time taken to settle obligations to suppliers. This upward trend continued through September 2021, reaching 25.08 days, with a slight decrease observed by the end of September 2021 at 24.85 days. At the close of 2021, periods recorded a substantial increase, notably December 2021 at 32.62 days and December 31, 2021, at 30.84 days, indicating, at this point, an elongation of payment cycles.
Entering 2022, the days of payables demonstrated variability; early 2022 showed a slight reduction to 23.63 days in March, followed by a decline to 22.25 days in June, which persisted into September at 23.84 days, and further decreased to 22.49 days at year-end. This reduction suggests an improved efficiency in settling payables or changes in supplier payment terms during this period.
In 2023, a downward trend is observed early on, with March 2023 registering 19.03 days, the lowest within the data set, indicating faster payment cycles. However, this reduced duration increased again to 19.76 days by June and rose further to approximately 24.83 days at the end of September. By the end of 2023, payables lengthened again to 29.51 days, which could signify strategic delays or adjustments in payment policies.
In the subsequent quarters extending into 2024 and 2025, the days of payables hovered around the high twenties, with some fluctuations. As of March 2024, the period stood at approximately 23.10 days, slightly increasing to 24.43 days by June 2025, indicating a stabilization in payment periods with minor variations.
Overall, the company's days of payables display a dynamic pattern characterized by periods of extension and contraction. These variations may reflect adjustments in supplier payment strategies, liquidity management practices, or operational considerations, impacting the company’s short-term liquidity and working capital management. The relatively shorter days of payables in mid-2023 could indicate a focus on faster payments or improved cash flow conditions, while the longer periods in late 2021 and 2023 may suggest strategic delays to optimize cash flow.
Peer comparison
Jun 30, 2025