Jacobs Solutions Inc. (J)
Total asset 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 |
| Total assets | US$ in thousands | 11,759,000 | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 |
| Total asset turnover | 0.99 | 1.12 | 1.03 | 0.97 | 1.09 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,675,600K ÷ $11,759,000K
= 0.99
The total asset turnover of Jacobs Solutions Inc. has fluctuated over the past five years. In 2024, the total asset turnover ratio was 0.99, indicating that the company generated $0.99 in revenue for every dollar of assets. This represents a decrease from the previous year, where the ratio was 1.12.
The decrease in total asset turnover from 2023 to 2024 suggests that the company may be less efficient in generating revenue from its assets. However, it is important to consider other factors such as changes in the company's business model or economic conditions that may have influenced the ratio.
Overall, Jacobs Solutions Inc. should closely monitor its total asset turnover ratio to ensure that it is effectively utilizing its assets to generate revenue and maximize profitability.
Peer comparison
Sep 30, 2024