John B Sanfilippo & Son Inc (JBSS)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 102.82 | 104.15 | 81.53 | 78.39 | 84.07 | 94.59 | 92.50 | 83.59 | 80.05 | 85.72 | 78.87 | 89.42 | 95.53 | 101.98 | 86.87 | 91.89 | 83.03 | 82.27 | 80.21 | 81.82 |
| Days of sales outstanding (DSO) | days | 25.32 | 24.56 | 26.49 | 27.58 | 29.07 | 26.77 | 28.31 | 25.43 | 26.56 | 26.59 | 26.35 | 28.60 | 25.85 | 26.36 | 24.75 | 26.01 | 30.25 | 30.00 | 28.23 | 27.51 |
| Number of days of payables | days | 24.43 | 20.99 | 25.58 | 24.00 | 22.85 | 23.10 | 29.51 | 24.83 | 19.76 | 19.03 | 22.49 | 23.84 | 22.25 | 23.63 | 30.84 | 32.62 | 25.08 | 24.85 | 26.48 | 23.55 |
| Cash conversion cycle | days | 103.72 | 107.72 | 82.44 | 81.96 | 90.28 | 98.25 | 91.30 | 84.19 | 86.85 | 93.27 | 82.74 | 94.18 | 99.13 | 104.71 | 80.78 | 85.28 | 88.20 | 87.42 | 81.96 | 85.77 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 102.82 + 25.32 – 24.43
= 103.72
The analysis of John B Sanfilippo & Son Inc's cash conversion cycle (CCC) over the period specified reveals notable fluctuations and trends.
Initially, as of March 31, 2021, the CCC was approximately 85.77 days, reflecting the number of days it took for the company to convert its investments in inventory and other resources into cash flows from sales. During this period, the CCC experienced a slight decrease, reaching a low of 80.78 days by December 31, 2021, suggesting improved efficiency in managing receivables, inventories, and payables.
However, starting in early 2022, the CCC increased significantly, reaching approximately 104.71 days as of March 31, 2022. This upward trend continued through June and September 2022, peaking around 94.18 days in September 2022, indicating a lengthening of the company's cash conversion cycle and potentially reflecting slower receivables collection, increased inventory holding periods, or delayed payables.
Subsequently, the CCC decreased again, with values near 82.74 days at year-end 2022. In 2023, the cycle showed moderate fluctuations, maintaining an average roughly between 84 and 93 days, with some increase toward the end of March 2023 and June 2023, before decreasing again to approximately 81.96 days in September 2023.
In 2024, the CCC fluctuated around the 82 to 98-day range, with notable increase reaching approximately 98.25 days at the end of March 2024, indicating a lengthening in the cycle compared to previous quarters. This was followed by a slight reduction in June and September 2024, before a notable rise again reaching 107.72 days in March 2025, which suggests a significant elongation of the cash conversion cycle.
Overall, the data demonstrates periods of both efficiency improvements and cycle lengthening, with a clear trend toward increased cycle duration over the years, particularly noticeable from 2022 onwards. The pattern indicates a potential buildup of receivables or inventories, or delays in payables, which may impact liquidity and working capital management. The recent elongation observed in 2025 suggests a need for further strategic review to enhance cash flow management and operational efficiency.
Peer comparison
Jun 30, 2025