John B Sanfilippo & Son Inc (JBSS)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 903,775 | 903,434 | 921,508 | 905,975 | 853,406 | 812,958 | 778,637 | 763,180 | 788,499 | 810,558 | 800,966 | 784,117 | 782,692 | 755,655 | 751,006 | 709,957 | 670,826 | 677,080 | 673,495 | 677,024 |
| Payables | US$ in thousands | 60,479 | 51,966 | 64,585 | 59,575 | 53,436 | 51,458 | 62,955 | 51,922 | 42,680 | 42,264 | 49,342 | 51,222 | 47,720 | 48,918 | 63,452 | 63,452 | 46,103 | 46,103 | 48,861 | 43,684 |
| 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 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $903,775K ÷ $60,479K
= 14.94
The payables turnover ratio of John B Sanfilippo & Son Inc has exhibited fluctuations over the period from March 2021 through June 2025. Starting at a value of 15.50 times in March 2021, the ratio experienced a gradual decline, reaching its lowest point of approximately 11.19 in December 2021. This suggests a period where the company’s accounts payable were being settled less frequently relative to its cost of goods sold, hinting potentially at extended payment terms or delayed payments during that period.
From early 2022 onwards, the ratio increased, reaching a peak of 19.18 in March 2023, indicating a period of more aggressive payment practices or shortened payable periods, possibly reflecting improved liquidity management or supplier negotiations. Following this peak, the ratio saw some variability but generally maintained a level close to 15–16 times through the latter part of 2023 and into mid-2024, suggesting a stabilization in the company's payment cycle.
In the most recent periods recorded, the ratio decreased again to around 12.37 at the end of 2023, then showed a modest increase to approximately 17.39 in March 2025, followed by a decline to 14.94 in June 2025. These variations may reflect shifts in the company's payables management strategy, supplier terms, or operational liquidity conditions.
Overall, the payables turnover ratio indicates that John B Sanfilippo & Son Inc has experienced periods of both extended and expedited payment cycles, with a notable peak in early 2023. The trend demonstrates a responsive balance, possibly aligned with broader operational adjustments or strategic liquidity management initiatives.
Peer comparison
Jun 30, 2025