J & J Snack Foods Corp (JJSF)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.45 | 14.14 | 10.75 | 10.00 | 10.71 | |
| Number of days of payables | days | 25.27 | 25.82 | 33.96 | 36.48 | 34.07 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.45
= 25.27
The number of days of payables for J & J Snack Foods Corp has shown a decreasing trend over the past five years, indicating the company's ability to manage its payables more efficiently. In particular, the number of days of payables decreased from 34.07 days in 2020 to 25.27 days in 2024. This reduction suggests that the company is taking longer to pay its suppliers, potentially indicating improved liquidity or negotiation leverage with vendors. Overall, the decreasing trend in the number of days of payables reflects positively on the company's financial management and operational efficiency.