Jacobs Solutions Inc. (J)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,675,600 | 16,377,400 | 15,085,600 | 14,240,900 | 13,518,700 |
| Receivables | US$ in thousands | 2,845,450 | 2,430,940 | 3,405,380 | 3,101,420 | 3,167,310 |
| Receivables turnover | 4.10 | 6.74 | 4.43 | 4.59 | 4.27 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,675,600K ÷ $2,845,450K
= 4.10
Jacobs Solutions Inc.'s receivables turnover has fluctuated over the past five years. The company's receivables turnover ratio was 4.10 in 2024, a decrease from the previous year's ratio of 6.74. This indicates that, on average, the company collected its accounts receivable approximately 4.10 times during the 2024 financial year.
Comparing this to previous years, the receivables turnover ratios were 4.43 in 2022, 4.59 in 2021, and 4.27 in 2020. These figures suggest that the efficiency of Jacobs Solutions Inc. in collecting on its accounts receivable has varied, with a higher turnover implying a faster collection process.
Overall, while the current receivables turnover ratio is lower than the previous year, it is important to consider industry benchmarks and the company's specific circumstances to fully assess the efficiency of its accounts receivable management.
Peer comparison
Sep 30, 2024