Jacobs Solutions Inc. (J)
Receivables 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 |
| Receivables | US$ in thousands | 2,845,450 | 3,774,230 | 3,772,480 | 3,676,510 | 2,430,940 | 3,558,720 | 3,518,730 | 3,439,940 | 3,405,380 | 3,303,280 | 3,302,870 | 2,992,810 | 3,101,420 | 3,188,950 | 3,301,620 | 3,265,260 | 3,167,310 | 3,153,660 | 3,178,580 | 3,056,120 |
| Receivables turnover | 5.48 | 4.48 | 4.46 | 4.53 | 6.70 | 4.47 | 4.43 | 4.47 | 4.40 | 4.49 | 4.42 | 4.78 | 4.59 | 4.37 | 4.17 | 4.07 | 4.21 | 4.20 | 4.10 | 4.26 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,593,660K ÷ $2,845,450K
= 5.48
The receivables turnover of Jacobs Solutions Inc. has exhibited fluctuations over the past few years. The ratio indicates how effectively the company collects money owed by its customers. In the most recent period ending on September 30, 2024, the receivables turnover was 5.48, which was higher compared to the previous quarter and a significant improvement from prior years. This suggests that the company is collecting its outstanding receivables more efficiently or possibly operating on a more cash basis.
Overall, the trend shows some variability in the efficiency of receivables turnover, with peaks and troughs observed over the given period. While the turnover ratio can be influenced by various factors such as industry practices, credit policies, and economic conditions, Jacobs Solutions Inc. should continue to monitor and manage its accounts receivable effectively to ensure a healthy cash flow and financial performance.
Peer comparison
Sep 30, 2024