Johnson & Johnson (JNJ)

Number of days of payables

		Dec 31, 2024	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
Payables turnover		5.36	6.11	6.13	6.95	4.56	5.14	4.01	4.13	5.66	5.83	6.28	6.55	5.37	6.56	6.67	6.57	5.84	5.70	5.90	5.51
Number of days of payables	days	68.07	59.78	59.52	52.49	80.04	71.06	91.06	88.28	64.47	62.63	58.07	55.74	67.92	55.67	54.76	55.59	62.51	63.99	61.86	66.25

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.36
= 68.07

The number of days of payables for Johnson & Johnson has shown some fluctuations over the past few years. From March 31, 2020, to March 31, 2024, the number of days of payables varied between a low of 52.49 days and a high of 91.06 days.

In the more recent periods, there seems to be a downward trend in the number of days of payables, indicating that the company is taking fewer days to pay its suppliers. For instance, from March 31, 2023, to March 31, 2024, there was a significant decrease from 88.28 days to 52.49 days. However, there was a slight increase towards the end of the period, with the number of days of payables rising from 52.49 days on March 31, 2024, to 68.07 days on December 31, 2024.

These fluctuations in the number of days of payables may be influenced by various factors such as changes in the company's payment terms with suppliers, overall economic conditions, and operational efficiency. It is essential for stakeholders to monitor these trends to understand the company's liquidity management and its relationships with suppliers.