JM Smucker Company (SJM)
Number of days of payables
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.12 | 5.51 | 5.49 | 5.53 | 5.32 | 5.95 | 5.82 | 5.77 | 5.91 | 6.91 | 6.53 | 6.39 | 6.44 | 7.50 | 7.83 | 8.56 | 8.42 | 11.44 | 12.78 | 13.39 | |
| Number of days of payables | days | 71.30 | 66.20 | 66.43 | 66.06 | 68.66 | 61.36 | 62.66 | 63.25 | 61.75 | 52.84 | 55.88 | 57.13 | 56.64 | 48.68 | 46.61 | 42.64 | 43.34 | 31.91 | 28.55 | 27.27 |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.12
= 71.30
The number of days of payables for JM Smucker Company has shown fluctuations over the periods analyzed. Based on the data provided, the company's number of days of payables has ranged from as low as 27.27 days to as high as 71.30 days.
The trend indicates that in more recent periods, the number of days of payables has generally been higher, suggesting that the company is taking longer to pay its suppliers and manage its working capital. This could be a strategy to optimize cash flow management or negotiate more favorable payment terms with suppliers.
It is important to note that a longer number of days of payables can sometimes signal potential liquidity issues or strained relationships with suppliers if not managed effectively. On the other hand, a shorter number of days of payables may indicate efficient cash management but could also potentially strain relationships with suppliers if payments are delayed excessively.
In conclusion, JM Smucker Company's number of days of payables is a crucial metric in assessing its financial health and operational efficiency in managing its working capital.