Jacobs Solutions Inc. (J)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 11,462,700 | 11,641,300 | 12,945,800 |
| Total asset turnover | 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 | 1.10 | 1.15 | 1.11 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,644,190K ÷ $14,952,200K
= 1.11
Jacobs Solutions Inc.'s total asset turnover has shown fluctuations over the past few years. The company's total asset turnover ratio has generally been increasing in recent years, indicating that the company has been generating more revenue per dollar of assets. This trend suggests improved efficiency in asset utilization.
Specifically, in the most recent quarter, the total asset turnover ratio was 1.11, indicating that the company generated $1.11 in revenue for every dollar of assets. This is consistent with the previous quarter's ratio of 1.11, showing stability in asset utilization efficiency.
Looking back further, the total asset turnover ratio has been gradually increasing from 0.88 in March 2021 to 1.11 in December 2019. This upward trend suggests that Jacobs Solutions Inc. has been effectively managing its assets to drive revenue growth over time.
Overall, the increasing trend in total asset turnover reflects positively on the company's operational performance and indicates an improvement in efficiency and productivity in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023