Jacobs Solutions Inc. (J)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,644,190 | 16,285,330 | 15,919,820 | 15,590,950 | 15,364,810 | 14,986,580 | 14,842,990 | 14,583,300 | 14,303,250 | 14,240,870 | 13,942,640 | 13,751,990 | 13,290,930 | 13,331,740 | 13,244,740 | 13,027,110 | 13,014,400 | 12,664,130 | 13,413,910 | 14,419,930 |
| Property, plant and equipment | US$ in thousands | 353,305 | 357,032 | 378,410 | 367,217 | 356,784 | 346,676 | 327,906 | 326,596 | 328,631 | 353,117 | 355,252 | 360,241 | 318,042 | 319,371 | 346,637 | 330,505 | 308,672 | 308,143 | 305,266 | 268,800 |
| Fixed asset turnover | 47.11 | 45.61 | 42.07 | 42.46 | 43.06 | 43.23 | 45.27 | 44.65 | 43.52 | 40.33 | 39.25 | 38.17 | 41.79 | 41.74 | 38.21 | 39.42 | 42.16 | 41.10 | 43.94 | 53.65 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,644,190K ÷ $353,305K
= 47.11
Fixed asset turnover is a financial ratio that measures a company's ability to generate net sales revenue from its fixed assets. Jacobs Solutions Inc. has exhibited varying levels of fixed asset turnover over the past several quarters, ranging from a low of 38.17 to a high of 47.11.
On average, the company achieved a fixed asset turnover ratio of approximately 42.82 over the period analyzed. This indicates that Jacobs Solutions Inc. generated $42.82 in net sales revenue for every dollar invested in fixed assets during this timeframe.
The trend in the fixed asset turnover ratio suggests that the company's efficiency in utilizing its fixed assets to generate sales revenue has fluctuated over time. It experienced a peak in the most recent quarter, indicating a potential improvement in asset utilization efficiency.
It is advisable for Jacobs Solutions Inc. to continue monitoring and analyzing its fixed asset turnover ratio to ensure that its assets are being used effectively to drive revenue growth and support overall business performance.
Peer comparison
Dec 31, 2023