Jacobs Solutions Inc. (J)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 665,777 | 644,039 | 477,030 | 491,845 | 847,979 |
| Total assets | US$ in thousands | 14,617,100 | 14,660,400 | 14,632,600 | 12,354,400 | 11,462,700 |
| ROA | 4.55% | 4.39% | 3.26% | 3.98% | 7.40% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $665,777K ÷ $14,617,100K
= 4.55%
Based on the provided data, Jacobs Solutions Inc.'s return on assets (ROA) has varied over the past five years. In the most recent fiscal year ending September 30, 2023, the ROA was 4.55%, showing an increase from the previous year's 4.39%.
Comparing this to earlier years, we see fluctuations in the ROA. In 2021, the ROA was 3.26%, followed by a slight increase to 3.98% in 2020. However, the ROA was notably higher at 7.40% in 2019.
The trend in ROA indicates that the company has had mixed performance in generating profits from its assets in recent years. It is essential for Jacobs Solutions Inc. to continue monitoring and managing its asset utilization efficiency to improve profitability and overall financial performance.
Peer comparison
Sep 30, 2023