John Bean Technologies Corporation (JBT)
Number of days of payables
| 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 | Sep 30, 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.56 | 4.10 | 3.66 | 2.36 | 2.93 | 2.16 | 2.09 | 2.16 | 2.39 | 2.31 | 2.37 | 2.68 | 2.88 | 4.33 | 5.99 | 7.27 | 6.79 | 7.22 | 7.16 | 8.83 | |
| Number of days of payables | days | 80.07 | 89.08 | 99.74 | 154.45 | 124.76 | 169.18 | 175.00 | 169.20 | 152.60 | 157.73 | 154.13 | 136.43 | 126.74 | 84.26 | 60.91 | 50.22 | 53.79 | 50.55 | 50.99 | 41.35 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.56
= 80.07
Based on the data provided, John Bean Technologies Corp's number of days of payables has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 45.54, which increased from Q3 2023 where it was 32.93 days. This indicates that the company took longer to pay its accounts payable in Q4 2023 compared to the previous quarter.
Looking further back, in Q1 2023, the number of days of payables was 49.42, which was higher than the most recent quarter. This suggests that the company managed to improve its payment period in Q4 2023 compared to Q1 2023.
Comparing the latest quarter to the same quarter in the previous year, there has been a noticeable improvement. In Q4 2022, the number of days of payables was 55.86 days, which was higher than in Q4 2023. This indicates that John Bean Technologies Corp has been more efficient in managing its payables over the past year.
Overall, the trend in the number of days of payables for John Bean Technologies Corp shows some variability but suggests a recent improvement in managing its accounts payable, which can have implications for cash flow and working capital management.
Peer comparison
Dec 31, 2023