Jacobs Solutions Inc. (J)
Working capital 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 current assets | US$ in thousands | 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 | 4,111,770 | 4,475,940 | 4,846,470 |
| Total current liabilities | US$ in thousands | 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 | 3,073,710 | 3,289,450 | 3,188,200 |
| Working capital turnover | 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 | 12.20 | 11.31 | 8.70 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,644,190K ÷ ($4,975,270K – $3,644,550K)
= 12.51
Jacobs Solutions Inc. has demonstrated varying levels of efficiency in managing its working capital over the past few years, as indicated by its working capital turnover ratios. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue.
The trend in Jacobs Solutions Inc.'s working capital turnover ratio from December 2019 to December 2023 shows fluctuations in efficiency. The ratio increased steadily from 8.41 in March 2020 to a peak of 15.74 in March 2022, indicating an improvement in the company's ability to generate revenue using its working capital. However, the ratio then declined to 9.19 in March 2023 and continued to fluctuate between 9.19 and 12.85 until December 2023.
Overall, the company has generally maintained a working capital turnover ratio above 9.5, indicating that it has been efficient in managing its working capital to generate revenue during most of the periods analyzed. However, the recent fluctuations in the ratio may suggest changes in the company's operating efficiency or business environment that should be further evaluated and monitored.
Peer comparison
Dec 31, 2023