9F(Jfu) Financials: Payables Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - payables turnover
This chart shows the historical trend of payables turnover for JFU compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Payables Turnover
Definition: Payables turnover shows how fast the company pays its suppliers for goods or services bought on credit. A high turnover means the company pays suppliers quickly, which may reflect strong cash flow or favorable terms. A very low turnover might mean the company is stretching payments to preserve cash — or possibly experiencing financial strain.
Interpretation:
• In '2020', JFU's payables turnover was 0.61, indicating how promptly the company pays its suppliers. Industry average for Finance: Consumer Services in '2020' stood at 0.61.
• In '2021', JFU's payables turnover was 0.13, indicating how promptly the company pays its suppliers. The decline from '2020' may indicate some operational or financial challenges. Industry average for Finance: Consumer Services in '2021' stood at 3.48. Industry average increased by 2.87 compared to previous year.
• In '2022', JFU's payables turnover was 0.19, indicating how promptly the company pays its suppliers. The increase since '2021' reflects strengthening financial performance. Industry average for Finance: Consumer Services in '2022' stood at 3.44. Industry average declined by 0.05 from previous year.
• In '2023', JFU's payables turnover was 0.25, indicating how promptly the company pays its suppliers. The increase since '2022' reflects strengthening financial performance. Industry average for Finance: Consumer Services in '2023' stood at 3.41. Industry average declined by 0.02 from previous year.
Overall, JFU's payables turnover has been volatile but showed a downward trend over the past 4 years.
Formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable
Good Range: Ranges 5-15 depending on industry.