Jacobs Solutions Inc. (J)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 806,093 | 665,777 | 644,039 | 477,030 | 491,845 |
| Total assets | US$ in thousands | 11,759,000 | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 |
| ROA | 6.86% | 4.55% | 4.39% | 3.26% | 3.98% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $806,093K ÷ $11,759,000K
= 6.86%
Based on the data provided, Jacobs Solutions Inc.'s return on assets (ROA) has shown a positive trend over the past five years. ROA has increased from 3.98% in September 2020 to 6.86% in September 2024, indicating that the company has become more efficient in generating profits relative to its total assets.
This improvement suggests that Jacobs Solutions Inc. has been effectively managing its assets to generate higher returns. The company's ability to increase ROA signifies a favorable utilization of its assets to drive profitability.
Overall, Jacobs Solutions Inc.'s increasing ROA reflects positively on its operational efficiency and financial performance during the period under review. It indicates that the company has been able to enhance its profitability in relation to the total assets employed, which is a positive signal for investors and stakeholders.
Peer comparison
Sep 30, 2024