J & J Snack Foods Corp (JJSF)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 7.45 7.25 6.84 7.42 7.48 7.10 6.84 6.54 6.45 6.31 6.58 7.69 7.87 8.15 7.72 7.88 8.19 7.60 7.52 7.59
Receivables turnover 8.32 7.63 8.84 9.36 7.87 6.97 7.41 7.55 6.63 5.14 6.64 7.52 7.02 6.94 7.00 8.66 8.07 9.28 8.86 9.10
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
Working capital turnover 5.70 6.17 6.41 6.70 6.11 5.38 5.34 5.03 5.25 4.01 2.98 2.92 2.74 2.64 2.49 2.61 2.80 3.08 3.37 3.32

J & J Snack Foods Corp's activity ratios provide insight into how efficiently the company is managing its resources.

1. Inventory turnover: The company's inventory turnover has been relatively stable over the past five quarters, ranging between 6.31 and 8.19 times. This indicates that J & J Snack Foods Corp is efficiently managing its inventory levels, with higher turnover ratios suggesting effective sales and production processes.

2. Receivables turnover: J & J Snack Foods Corp's receivables turnover has shown fluctuation but generally indicates a good collection process. The company's ability to collect receivables has varied between 5.14 and 9.36 times over the past five quarters, with higher turnovers suggesting effective credit policies and collection efforts.

3. Payables turnover: The payables turnover ratio shows how quickly the company is paying its suppliers. J & J Snack Foods Corp's payables turnover has ranged from 8.54 to 15.03 times over the last five quarters. A higher turnover ratio suggests that the company is efficiently managing its payables and maintaining good relationships with suppliers.

4. Working capital turnover: This ratio reflects how well the company is utilizing its working capital to generate sales revenue. J & J Snack Foods Corp's working capital turnover has varied between 2.49 and 6.70 times over the past five quarters. A higher ratio indicates that the company is effectively using its resources to generate sales.

Overall, J & J Snack Foods Corp's activity ratios demonstrate a consistent focus on efficiency in managing its inventory, accounts receivable, accounts payable, and working capital to drive its operations.

Average number of days

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
Days of inventory on hand (DOH) days 49.01 50.37 53.39 49.18 48.80 51.44 53.35 55.79 56.61 57.87 55.48 47.45 46.41 44.79 47.26 46.29 44.57 48.01 48.55 48.06
Days of sales outstanding (DSO) days 43.88 47.86 41.27 39.00 46.39 52.39 49.28 48.37 55.04 70.99 54.99 48.56 51.96 52.62 52.12 42.16 45.21 39.33 41.22 40.10
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

J & J Snack Foods Corp's activity ratios provide insights into the efficiency of the company's operations.

Days of Inventory on Hand (DOH) have shown fluctuations over time, ranging from a low of 44.79 days to a high of 57.87 days. The trend indicates that the company has been able to manage its inventory levels effectively, with a slight increase in recent periods. This could imply better inventory management practices or changes in production and sales strategies.

Days of Sales Outstanding (DSO) have also varied, with a range from 39.00 days to 70.99 days. A lower DSO indicates faster collection of receivables, reflecting efficient credit and collection processes. The fluctuating DSO might suggest changes in the company's customer credit policies or the economic climate affecting customer payment behavior.

Number of Days of Payables reflects the average number of days the company takes to pay its suppliers. The range of days has been between 24.29 days and 42.76 days. A longer period indicates a better cash flow position for the company as it can hold onto cash for a longer time. However, excessively long payables days could strain relationships with suppliers.

Overall, the trends in these activity ratios suggest that J & J Snack Foods Corp has been effectively managing its inventory, receivables, and payables over the analyzed periods. Monitoring these ratios can help the company assess and improve its working capital management and overall operational efficiency.

Long-term

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
Fixed asset turnover 4.02 4.04 4.02 3.98 4.04 4.08 4.10 4.00 4.12 4.09 4.49 4.51 4.28 4.15 3.77 3.78 3.91 4.08 4.43 4.54
Total asset turnover 1.15 1.15 1.18 1.20 1.22 1.16 1.20 1.15 1.13 1.01 1.11 1.10 1.02 0.98 0.91 0.93 0.97 1.02 1.11 1.09

J & J Snack Foods Corp's long-term activity ratios provide insights into the efficiency of the company in utilizing its assets to generate sales. The fixed asset turnover ratio has remained relatively stable over the periods analyzed, ranging from 3.77 to 4.54. This indicates that, on average, the company generates sales between 3.77 to 4.54 times the value of its fixed assets. A generally high fixed asset turnover ratio suggests efficient utilization of fixed assets to drive sales.

On the other hand, the total asset turnover ratio has fluctuated more, ranging from 0.91 to 1.22. This ratio indicates the company's ability to generate sales in relation to its total assets. A higher total asset turnover ratio signifies better efficiency in utilizing all assets, including both fixed and current assets, to generate sales.

Overall, J & J Snack Foods Corp's long-term activity ratios suggest that the company has maintained a relatively consistent level of efficiency in generating sales relative to its assets over the periods analyzed, with slightly fluctuating trends in total asset turnover. Further analysis and comparison with industry benchmarks could provide a more comprehensive understanding of the company's operational efficiency.