Johnson & Johnson (JNJ)

Number of days of payables

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Payables turnover 5.64 5.11 5.47 5.86 6.51
Number of days of payables days 64.69 71.43 66.75 62.30 56.09

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.64
= 64.69

The number of days of payables for Johnson & Johnson has shown some fluctuation over the past five years.

The number of days of payables was highest on Jan 1, 2023, at 137.40 days, indicating that the company took approximately 137 days on average to pay its suppliers. This may suggest a relatively longer payment period, which could potentially strain relationships with suppliers or indicate inefficiencies in the company's accounts payable process.

On the other hand, the lowest number of days of payables was on Dec 29, 2019, at 113.17 days. This suggests that the company improved its payables turnover efficiency by reducing the average number of days it took to pay its suppliers.

Overall, the trend in the number of days of payables for Johnson & Johnson indicates some variability, with periods of longer and shorter payment cycles. This variability could be influenced by various factors such as changes in the company's supply chain management, cash flow management, or relationships with suppliers.


Peer comparison

Dec 31, 2023


See also:

Johnson & Johnson Average Payables Payment Period