Jacobs Solutions Inc. (J)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,075,240 | 917,850 | 688,089 | 535,973 | 404,851 |
| Total assets | US$ in thousands | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 | 11,462,700 |
| Operating ROA | 7.36% | 6.26% | 4.70% | 4.34% | 3.53% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,075,240K ÷ $14,617,100K
= 7.36%
Jacobs Solutions Inc.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past five years, increasing from 3.53% in 2019 to 7.36% in 2023. This indicates that the company has been more efficient in generating operating income relative to its total assets.
The steady improvement in operating ROA suggests that Jacobs Solutions Inc. has been successful in utilizing its assets to generate operating profits. This could be attributed to increased operational efficiency, better cost management, or revenue growth without significant asset expansion.
Overall, the rising trend in operating ROA reflects positively on the company's operational performance and indicates an improvement in its overall profitability relative to its asset base over the years.
Peer comparison
Sep 30, 2023