Jacobs Solutions Inc. (J)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,041,496 | 1,075,238 | 1,105,949 | 1,101,970 | 978,322 | 917,850 | 860,827 | 858,811 | 651,484 | 688,091 | 459,048 | 389,678 | 598,568 | 535,973 | 612,585 | 508,163 | 443,066 | 404,851 | 466,611 | 539,169 |
| 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 |
| Operating ROA | 6.97% | 7.36% | 7.40% | 7.35% | 6.56% | 6.26% | 5.85% | 5.66% | 4.40% | 4.70% | 3.02% | 2.50% | 4.69% | 4.34% | 4.86% | 3.87% | 3.63% | 3.53% | 4.01% | 4.16% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,041,496K ÷ $14,952,200K
= 6.97%
Jacobs Solutions Inc.'s operating Return on Assets (ROA) has shown a positive trend over the past five quarters. The operating ROA increased from 4.01% in the first quarter of 2019 to 6.97% in the fourth quarter of 2023. This improvement indicates that the company has been able to generate more operating profit from its assets over time.
The operating ROA reached its lowest point in the first quarter of 2021 at 2.50%, and since then, it has been steadily increasing. This could suggest that the company implemented strategies to enhance operational efficiency and profitability.
The average operating ROA for the latest four quarters is 7.02%, which is higher compared to the average for the previous four quarters at 4.64%. This indicates a significant improvement in the company's ability to generate operating profit relative to its total assets.
Overall, the increasing trend in Jacobs Solutions Inc.'s operating ROA reflects positively on the company's operational performance and efficiency in utilizing its assets to generate profit. It implies that management has been successful in managing and utilizing the company's assets effectively, resulting in improved profitability.
Peer comparison
Dec 31, 2023