John B Sanfilippo & Son Inc (JBSS)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 4.34 3.86 3.95 4.37 4.56 4.26 4.63 4.08 3.69 3.38 3.90 4.44 4.55 4.46 4.40 4.65 4.09 4.00 4.48 5.19
Receivables turnover 12.56 13.64 12.89 14.35 13.74 13.73 13.85 12.86 13.73 13.17 13.75 12.16 12.94 13.27 14.21 12.49 15.45 13.15 16.80 14.73
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
Working capital turnover 6.34 5.86 6.18 6.05 5.92 5.96 6.52 6.58 5.96 6.36 7.06 7.84 6.87 7.31 6.64 7.95 6.95 7.01 7.71 7.50

The inventory turnover ratio measures how many times a company sells and replaces its inventory over a period. John B Sanfilippo & Son Inc had varying inventory turnover ratios over the past few quarters, ranging from 3.38 to 5.19. This indicates that the company is managing its inventory efficiently, with a higher turnover generally seen as positive.

The receivables turnover ratio reflects how quickly a company collects payments from its customers. John B Sanfilippo & Son Inc consistently maintained a healthy receivables turnover ratio ranging from 12.16 to 16.80. This suggests that the company is efficient in collecting payments from its credit sales.

The payables turnover ratio measures how quickly a company pays its suppliers. John B Sanfilippo & Son Inc had payables turnover ratios fluctuating between 10.87 and 19.39. Higher ratios indicate that the company is efficiently managing its payables by paying its suppliers promptly.

The working capital turnover ratio indicates how effectively a company is using its working capital to generate sales. John B Sanfilippo & Son Inc recorded working capital turnover ratios between 5.86 and 7.95, showing that the company is utilizing its working capital efficiently to generate revenues.

Overall, based on the activity ratios analysis, John B Sanfilippo & Son Inc appears to have efficient management of its inventory, receivables, payables, and working capital, which is essential for maintaining a healthy cash flow and operational performance.

Average number of days

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
Days of inventory on hand (DOH) days 84.14 94.63 92.50 83.59 80.10 85.76 78.91 89.47 98.87 107.84 93.56 82.27 80.21 81.82 82.91 78.45 89.17 91.26 81.53 70.35
Days of sales outstanding (DSO) days 29.07 26.77 28.31 25.43 26.56 26.59 26.35 28.39 26.58 27.71 26.55 30.00 28.20 27.51 25.69 29.23 23.62 27.75 21.73 24.79
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

Days of inventory on hand (DOH) for John B Sanfilippo & Son Inc have shown some fluctuations over the periods analyzed, ranging from a low of 70.35 days to a high of 107.84 days. The current DOH of 84.14 days indicates that the company holds inventory for approximately 84 days before selling it.

Days of sales outstanding (DSO) have also varied, with a range between 21.73 days and 30.00 days. The current DSO of 29.07 days suggests that the company takes around 29 days to collect payments from its customers.

The number of days of payables has fluctuated between 18.82 days and 33.58 days. The current figure of 22.87 days indicates that the company takes about 23 days to pay its suppliers.

Overall, the analysis of activity ratios for John B Sanfilippo & Son Inc shows that the company has been managing its inventory, receivables, and payables efficiently, maintaining a balance in the cash conversion cycle. However, there may be room for improvement in optimizing inventory management to reduce the DOH further and enhance working capital efficiency.

Long-term

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
Fixed asset turnover 6.46 6.35 6.17 7.11 7.38 7.49 7.31 7.21 7.21 6.80 6.68 6.50 6.44 6.59 6.66 6.91 7.11 7.16 7.08 7.07
Total asset turnover 2.07 2.10 2.06 2.31 2.35 2.30 2.36 2.23 2.14 1.99 2.10 2.15 2.15 2.18 2.16 2.20 2.16 2.08 2.21 2.26

The fixed asset turnover ratio for John B Sanfilippo & Son Inc has been relatively stable over the period under review, ranging from 6.17 to 7.49. This indicates that the company is generating between $6.17 and $7.49 in revenue for every dollar invested in fixed assets. The consistently high fixed asset turnover suggests efficient utilization of fixed assets to generate sales.

In contrast, the total asset turnover ratio has fluctuated more significantly, ranging from 1.99 to 2.36. This ratio reflects the company's ability to generate sales from all assets, including fixed and current assets. The variations in total asset turnover may be influenced by changes in current asset levels or fluctuations in sales volume.

Overall, John B Sanfilippo & Son Inc's long-term activity ratios indicate strong efficiency in utilizing fixed assets to generate revenue, with some variability in the overall asset turnover which may require further investigation into the company's asset composition and sales performance.