Jacobs Solutions Inc. (J)
Working capital 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 current assets | US$ in thousands | 4,895,580 | 5,137,610 | 4,995,460 | 4,975,270 | 4,690,350 | 4,823,750 | 4,907,880 | 4,807,750 | 4,721,990 | 4,554,160 | 4,691,280 | 4,372,000 | 4,291,900 | 4,742,280 | 5,077,920 | 4,786,850 | 4,539,600 | 4,612,310 | 5,166,850 | 4,378,590 |
| Total current liabilities | US$ in thousands | 4,079,740 | 4,504,260 | 4,273,320 | 3,644,550 | 3,422,560 | 3,299,990 | 3,211,430 | 3,241,260 | 3,250,840 | 3,189,330 | 3,764,690 | 3,125,580 | 3,209,920 | 3,243,220 | 3,402,840 | 2,888,700 | 2,941,600 | 2,728,470 | 2,624,880 | 2,831,640 |
| Working capital turnover | 19.11 | 26.72 | 23.31 | 12.51 | 12.85 | 10.45 | 9.19 | 9.81 | 10.19 | 10.88 | 15.74 | 11.48 | 13.16 | 9.30 | 8.21 | 7.00 | 8.34 | 7.03 | 5.12 | 8.41 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,593,660K ÷ ($4,895,580K – $4,079,740K)
= 19.11
The working capital turnover ratio for Jacobs Solutions Inc. has exhibited fluctuations over the past several quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio indicates more efficient use of working capital.
In the latest quarter, ending on September 30, 2024, the working capital turnover ratio stood at 19.11, representing a significant increase from the previous quarter. This suggests that Jacobs Solutions Inc. generated $19.11 in revenue for every dollar of working capital invested during that period.
Looking at the overall trend, the company's working capital turnover has been showing an increasing pattern over the past few quarters, indicating improved efficiency in utilizing its working capital resources. However, it is essential to note that there have been fluctuations in the ratio, indicating potential variability in the company's operations or management of working capital.
Analyzing the historical data, the working capital turnover ratio has generally increased since the end of 2019, reflecting a positive trend in the company's operational efficiency. This improvement could be a result of better inventory management, speedier collection of receivables, or more effective management of payables.
Overall, the increasing trend in Jacobs Solutions Inc.'s working capital turnover ratio suggests that the company has been able to enhance its operational efficiency and generate more revenue relative to its working capital investments in recent quarters. However, continuous monitoring of this ratio is crucial to ensure sustained efficiency in working capital management.
Peer comparison
Sep 30, 2024