Jacobs Solutions Inc. (J)
Receivables 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 |
| Receivables | US$ in thousands | 3,676,510 | 3,558,810 | 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 | 2,840,210 | 2,779,190 | 2,747,170 |
| Receivables turnover | 4.53 | 4.58 | 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 | 4.46 | 4.83 | 5.25 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,644,190K ÷ $3,676,510K
= 4.53
Jacobs Solutions Inc.'s receivables turnover has been relatively stable over the past few years, ranging from 4.07 to 5.25. The company's ability to collect its accounts receivable has been consistent, with the turnover ratio averaging around 4.5 times annually. A higher turnover ratio indicates that Jacobs Solutions Inc. is collecting its receivables more efficiently.
It is worth noting that there was a slight decrease in receivables turnover in the most recent quarter compared to the previous quarter. This may suggest a potential slowdown in the collections process or changes in the company's credit policies. However, the overall trend indicates that Jacobs Solutions Inc. has been effectively managing its accounts receivable and converting them into cash in a timely manner.
Further analysis and comparison with industry benchmarks would provide more insights into the efficiency of Jacobs Solutions Inc.'s receivables management. Overall, the stable and relatively healthy receivables turnover ratio reflects positively on the company's liquidity and indicates effective credit and collection practices.
Peer comparison
Dec 31, 2023