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

Company name
Symbol
Fixed asset turnover
Jacobs Solutions Inc.
J
49.40
Fluor Corporation
FLR
33.79
Granite Construction Incorporated
GVA
10.52
KBR Inc
KBR
28.59