Jacobs Solutions Inc. (J)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,377,400 | 15,085,600 | 14,240,900 | 13,518,700 | 12,737,900 |
| Total assets | US$ in thousands | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 | 11,462,700 |
| Total asset turnover | 1.12 | 1.03 | 0.97 | 1.09 | 1.11 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,377,400K ÷ $14,617,100K
= 1.12
Jacobs Solutions Inc.'s total asset turnover has demonstrated a fluctuating trend over the past five years. The ratio increased from 0.97 in 2021 to 1.12 in 2023, indicating an improvement in the company's efficiency in generating sales from its total assets during the most recent fiscal year. However, it was slightly lower than the 1.11 recorded in 2019.
A total asset turnover ratio of 1.12 in 2023 means that the company generated $1.12 in sales for every dollar of total assets held during the year. This implies that Jacobs Solutions Inc. effectively utilized its assets to generate revenue in the most recent fiscal period, showcasing a positive sign of operational efficiency and asset management.
The increase in total asset turnover from the previous year suggests that the company may have enhanced its operational performance and efficiency in utilizing its assets to drive sales growth. Further analysis of the company's operational and financial strategies would be necessary to understand the factors contributing to this improvement in total asset turnover ratios.
Peer comparison
Sep 30, 2023