John B Sanfilippo & Son Inc (JBSS)
Number of days of payables
| 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 23, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 15.96 | 15.79 | 12.37 | 14.70 | 18.46 | 19.17 | 16.22 | 15.30 | 15.85 | 14.61 | 10.99 | 14.69 | 13.78 | 15.50 | 13.12 | 16.88 | 19.39 | 13.74 | 10.87 | 15.50 | |
| Number of days of payables | days | 22.87 | 23.11 | 29.51 | 24.83 | 19.77 | 19.04 | 22.50 | 23.86 | 23.03 | 24.99 | 33.21 | 24.85 | 26.48 | 23.55 | 27.82 | 21.62 | 18.82 | 26.56 | 33.58 | 23.54 |
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 varied over the past several quarters. On average, the company takes around 24 to 25 days to pay its suppliers. The trend shows some fluctuations, with the number of days of payables ranging from a low of 18.82 days to a high of 33.58 days in recent quarters.
A lower number of days of payables indicates that the company is taking longer to pay its suppliers, potentially benefiting from favorable credit terms or perhaps managing its cash flow more effectively. Conversely, a higher number of days of payables could suggest that the company is facing cash flow challenges or may be experiencing difficulties in managing its working capital efficiently.
It would be prudent for stakeholders to closely monitor the number of days of payables to assess the company's liquidity position, cash management practices, and relationships with suppliers. Fluctuations in this ratio could provide insights into the company's financial health and operational efficiency. Additionally, comparing this metric with industry benchmarks can help assess the company's performance relative to its peers.
Peer comparison
Jun 30, 2024