Jacobs Solutions Inc. (J)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,377,400 | 15,085,600 | 14,240,900 | 13,518,700 | 12,737,900 |
| Property, plant and equipment | US$ in thousands | 357,032 | 346,676 | 353,117 | 319,371 | 308,143 |
| Fixed asset turnover | 45.87 | 43.51 | 40.33 | 42.33 | 41.34 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,377,400K ÷ $357,032K
= 45.87
Jacobs Solutions Inc.'s fixed asset turnover has shown a generally increasing trend over the past five years, indicating that the company has been able to generate more revenue from its fixed assets. The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales.
The ratio has increased from 41.34 in 2019 to 45.87 in 2023, reaching its highest point in the latest fiscal year. This suggests that Jacobs Solutions Inc. has improved its operational efficiency and productivity in utilizing its fixed assets to generate revenue.
A higher fixed asset turnover ratio is generally considered favorable as it indicates that a company is efficient in utilizing its fixed assets to generate sales. However, it is important to consider industry norms and benchmarks when interpreting this ratio to assess Jacobs Solutions Inc.'s performance in comparison to its peers.
Peer comparison
Sep 30, 2023