J & J Snack Foods Corp (JJSF)
Number of days of payables
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.45 | 11.98 | 13.46 | 15.03 | 14.14 | 12.60 | 14.46 | 13.04 | 10.76 | 8.54 | 10.33 | 11.22 | 10.01 | 9.63 | 10.70 | 11.87 | 12.20 | 13.32 | 14.27 | 13.28 | |
| Number of days of payables | days | 25.27 | 30.46 | 27.12 | 24.29 | 25.82 | 28.97 | 25.24 | 27.98 | 33.92 | 42.76 | 35.33 | 32.53 | 36.47 | 37.89 | 34.12 | 30.76 | 29.92 | 27.41 | 25.58 | 27.48 |
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 fluctuation over the past few quarters. Based on the data provided, the company's number of days of payables ranged from a low of 24.29 days to a high of 42.76 days.
The trend indicates that J & J Snack Foods Corp has been able to manage its payables effectively, with the number of days fluctuating within a relatively narrow range. However, in some quarters, such as in June 2022 and March 2022, the number of days of payables increased significantly, suggesting potential challenges in managing supplier payments efficiently during those periods.
Overall, a lower number of days of payables indicates that the company is taking longer to pay its suppliers, potentially signaling strong cash flow management or negotiating favorable payment terms. On the other hand, a higher number of days of payables may indicate liquidity or operational issues, as the company is taking longer to settle its payables.
It would be important to further analyze the reasons behind the fluctuations in the number of days of payables to gain a deeper understanding of J & J Snack Foods Corp's working capital management and financial health.