John B Sanfilippo & Son Inc (JBSS)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 852,644 | 812,577 | 778,637 | 763,180 | 788,055 | 810,114 | 800,522 | 783,673 | 756,241 | 714,606 | 697,277 | 677,080 | 673,495 | 677,024 | 683,997 | 699,660 | 704,317 | 753,934 | 771,541 | 811,775 |
| Payables | US$ in thousands | 53,436 | 51,458 | 62,955 | 51,922 | 42,680 | 42,264 | 49,342 | 51,222 | 47,720 | 48,918 | 63,452 | 46,103 | 48,861 | 43,684 | 52,140 | 41,441 | 36,323 | 54,856 | 70,979 | 52,365 |
| 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 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $852,644K ÷ $53,436K
= 15.96
The payables turnover ratio for John B Sanfilippo & Son Inc has varied over the past quarters, reflecting the company's ability to manage its accounts payable efficiently.
The ratios have ranged from a low of 10.87 to a high of 19.39, with the most recent ratio being 15.96 as of June 30, 2024. This indicates that, on average, the company pays off its suppliers approximately 15.96 times within a year.
A high payables turnover ratio suggests that the company is effectively managing its short-term liabilities by paying its suppliers quickly. This could indicate good relationships with suppliers or efficient cash management practices. Conversely, a low ratio may signal that the company is taking longer to pay its creditors, potentially straining supplier relationships or indicating cash flow issues.
Overall, the upward and downward fluctuations in the payables turnover ratio over the quarters provide valuable insights into the company's liquidity position, operational efficiency, and management of working capital.
Peer comparison
Jun 30, 2024