John B Sanfilippo & Son Inc (JBSS)
Quick ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 484 | 377 | 1,975 | 838 | 1,948 | 365 | 620 | 298 | 415 | 667 | 1,027 | 539 | 672 | 1,043 | 1,763 | 743 | 1,535 | 993 | 1,393 | 887 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 16 | 16 | 17 | 17 | 17 | 17,105 | — | — | — |
| Receivables | US$ in thousands | 84,960 | 75,638 | 77,416 | 68,363 | 72,734 | 74,534 | 72,433 | 76,401 | 69,611 | 68,704 | 65,032 | 71,890 | 66,334 | 64,502 | 60,495 | 69,881 | 56,953 | 68,042 | 52,653 | 60,474 |
| Total current liabilities | US$ in thousands | 125,940 | 120,390 | 128,291 | 89,301 | 85,688 | 102,758 | 104,062 | 126,170 | 122,762 | 145,815 | 130,826 | 123,834 | 100,204 | 106,672 | 97,988 | 117,635 | 112,168 | 135,209 | 117,736 | 104,407 |
| Quick ratio | 0.68 | 0.63 | 0.62 | 0.77 | 0.87 | 0.73 | 0.70 | 0.61 | 0.57 | 0.48 | 0.50 | 0.59 | 0.67 | 0.61 | 0.64 | 0.60 | 0.67 | 0.51 | 0.46 | 0.59 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($484K
+ $—K
+ $84,960K)
÷ $125,940K
= 0.68
The quick ratio of John B Sanfilippo & Son Inc has shown fluctuations over the past few quarters, ranging from 0.46 to 0.87. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
In the latest quarter, the quick ratio was 0.68, indicating that the company had $0.68 in liquid assets available to cover each $1 of current liabilities. This suggests that the company may face some challenges in meeting its short-term obligations compared to previous quarters.
It is worth noting that the quick ratio has been below 1 for most of the quarters, indicating that the company may rely on inventory or accounts receivable to meet its short-term obligations. A quick ratio below 1 may raise concerns about liquidity and the ability to pay off short-term debt obligations.
Overall, a downward trend in the quick ratio over time may signal potential liquidity issues that investors and stakeholders should monitor closely. Further analysis of the company's cash management practices and working capital efficiency could provide more insights into its liquidity position.
Peer comparison
Jun 30, 2024