Jacobs Solutions Inc. (J)
Total asset 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 |
| Total assets | US$ in thousands | 11,759,000 | 15,048,300 | 14,897,600 | 14,952,200 | 14,617,100 | 14,936,700 | 15,002,600 | 14,918,200 | 14,660,400 | 14,722,200 | 15,183,300 | 14,804,100 | 14,632,600 | 15,209,300 | 15,562,100 | 12,767,600 | 12,354,400 | 12,611,800 | 13,134,600 | 12,200,600 |
| Total asset turnover | 1.33 | 1.12 | 1.13 | 1.11 | 1.11 | 1.07 | 1.04 | 1.03 | 1.02 | 1.01 | 0.96 | 0.97 | 0.97 | 0.92 | 0.88 | 1.04 | 1.08 | 1.05 | 0.99 | 1.07 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,593,660K ÷ $11,759,000K
= 1.33
Jacobs Solutions Inc.'s total asset turnover has shown some fluctuations over the past several quarters. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio is generally desirable as it suggests that the company is generating more revenue per dollar of assets.
From December 2019 to March 2021, the total asset turnover ratio of Jacobs Solutions Inc. exhibited a declining trend, reaching its lowest point of 0.88 in March 2021. However, starting from December 2021, the ratio began to show an upward trajectory, with slight fluctuations quarter by quarter.
The highest total asset turnover ratio observed was 1.33 in September 2024, indicating that the company generated $1.33 in revenue for every dollar of assets held during that quarter. This demonstrates an improvement in asset utilization efficiency compared to the previous quarters.
Overall, the trend in Jacobs Solutions Inc.'s total asset turnover ratio suggests that the company has been gradually improving its efficiency in utilizing its assets to generate revenue, which is a positive sign for investors and stakeholders. Further monitoring of this ratio will be important to assess the company's ongoing operational performance and asset management strategies.
Peer comparison
Sep 30, 2024