John B Sanfilippo & Son Inc (JBSS)
Payables turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 903,775 | 852,644 | 788,055 | 756,241 | 673,495 |
| Payables | US$ in thousands | 60,479 | 53,436 | 42,680 | 47,720 | 48,861 |
| Payables turnover | 14.94 | 15.96 | 18.46 | 15.85 | 13.78 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $903,775K ÷ $60,479K
= 14.94
The payables turnover ratio for John B Sanfilippo & Son Inc. demonstrates an overall upward trend from June 30, 2021, through June 30, 2023, followed by a subsequent decline in the subsequent years. Specifically, the ratio increased from 13.78 in 2021 to 15.85 in 2022, indicating an improved efficiency in managing accounts payable or a shorter period to settle obligations with suppliers. This upward movement continued into 2023, reaching 18.46, which suggests the company was paying its suppliers more promptly during that period.
However, after peaking in 2023, the ratio declined to 15.96 in 2024 and further decreased to 14.94 in 2025. This downward shift may imply a lengthening of the accounts payable period, potentially reflecting changes such as extended credit terms negotiated with suppliers, cash flow management strategies, or shifts in procurement practices. Alternatively, it could suggest challenges in operational liquidity or strategic shifts in payment policies.
Overall, the fluctuating payables turnover ratio reflects periodic changes in the company's payment management strategy and operational conditions. The initial increase suggests a phase of more efficient or accelerated payables processing, while the subsequent decrease could be associated with strategic or operational adjustments warranting further analysis to understand underlying causes.
Peer comparison
Jun 30, 2025