JM Smucker Company (SJM)

The data indicates a progressive increase in the number of days of payables over the specified period. As of April 30, 2021, the company’s payables period stood at approximately 77.60 days. This metric extended to 82.21 days in 2022, reflecting a modest elongation in the company's accounts payable cycle. The trend continued into 2023, with the payables period reaching approximately 88.75 days, suggesting the company took longer to settle its obligations. The most recent data for April 30, 2024, shows a significant extension to approximately 96.32 days, indicating a substantial elongation in the payables cycle within a year. However, in 2025, the number of days of payables slightly decreased to approximately 88.06 days, reflecting a marginal shortening concurrent with prior levels.

Overall, the trend demonstrates a gradual lengthening of the accounts payable period over the first three years, which could suggest increased negotiation power with suppliers, improved liquidity management, or strategic decisions to delay payments. The notable spike in 2024 followed by a slight decrease in 2025 indicates variability in the company’s short-term payables management, but the overall pattern signals an increasing tendency to extend the payables period over time.