J & J Snack Foods Corp (JJSF)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,289,565	1,302,033	1,290,017	1,281,830	1,283,095	1,260,326	1,236,516	1,194,952	1,163,691	1,097,216	1,046,041	1,021,022	968,675	935,599	892,776	905,769	892,101	916,650	963,006	955,303
Payables	US$ in thousands	89,268	108,642	95,844	85,293	90,758	100,025	85,507	91,610	108,146	128,551	101,238	91,010	96,789	97,117	83,460	76,325	73,135	68,829	67,494	71,919
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

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,289,565K ÷ $89,268K
= 14.45

The payables turnover ratio measures how efficiently a company manages its accounts payable by determining how many times a company pays off its average accounts payable during a specific period. A higher payables turnover ratio typically indicates that the company is managing its accounts payable effectively and paying off its suppliers in a timely manner.

Analyzing the trend in J & J Snack Foods Corp's payables turnover over the past several quarters, we observe fluctuations in the ratio. The payables turnover ratio has generally fluctuated between 8.54 and 15.03, indicating some variability in the company's management of its accounts payable.

In the most recent quarter, as of September 30, 2024, the payables turnover ratio stood at 14.45, which is higher compared to the previous quarter but consistent with the company's historical performance. This suggests that J & J Snack Foods Corp is effectively managing its payables and settling its obligations with suppliers at a relatively efficient rate.

Overall, J & J Snack Foods Corp's payables turnover ratio has shown some variability over the periods analyzed, but the current ratio of 14.45 indicates that the company is efficiently managing its accounts payable, which is a positive indicator of its financial health and operational efficiency in managing supplier relationships.