Jacobs Solutions Inc. (J)
Fixed asset turnover
Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 15,593,660 | 16,920,700 | 16,831,680 | 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 |
Property, plant and equipment | US$ in thousands | 315,630 | 366,231 | 341,420 | 353,305 | 279,749 | 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 |
Fixed asset turnover | 49.40 | 46.20 | 49.30 | 47.11 | 58.21 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $15,593,660K ÷ $315,630K
= 49.40
The fixed asset turnover ratio for Jacobs Solutions Inc. has fluctuated over the past few quarters. The ratio represents how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio indicates better asset utilization.
In the latest quarter, the fixed asset turnover ratio stood at 49.40, which is a significant improvement compared to previous quarters. This implies that Jacobs Solutions Inc. generated $49.40 in revenue for every dollar invested in fixed assets. The increase in the ratio suggests improved efficiency in utilizing fixed assets to generate sales.
The company's fixed asset turnover has shown some volatility in the recent past, with fluctuations between 42.07 to 58.21. Overall, the trend seems to be relatively stable, with occasional peaks and troughs.
It is essential for Jacobs Solutions Inc. to monitor and maintain a consistent fixed asset turnover ratio to ensure optimal utilization of its fixed assets and maximize revenue generation. Further analysis may be required to understand the reasons behind the fluctuations and to implement strategies for improved asset efficiency in the long term.
Peer comparison
Sep 30, 2024