Jacobs Solutions Inc. (J)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 701,741 | 665,778 | 741,605 | 773,349 | 645,653 | 644,040 | 461,978 | 431,789 | 354,018 | 477,032 | 515,880 | 595,015 | 491,883 | 491,845 | 552,176 | 831,689 | 980,693 | 847,979 | 668,114 | 293,894 |
| 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 |
| ROA | 4.69% | 4.55% | 4.96% | 5.15% | 4.33% | 4.39% | 3.14% | 2.84% | 2.39% | 3.26% | 3.39% | 3.82% | 3.85% | 3.98% | 4.38% | 6.33% | 8.04% | 7.40% | 5.74% | 2.27% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $701,741K ÷ $14,952,200K
= 4.69%
Jacobs Solutions Inc.'s Return on Assets (ROA) has shown a fluctuating trend over the past five quarters. The ROA for December 31, 2023, stood at 4.69%, indicating that the company generated 4.69 cents of profit for every dollar of assets it holds. This figure has been relatively stable compared to the ROA of 4.55% in September 30, 2023, and 4.96% in June 30, 2023.
However, looking further back, there was a notable improvement in ROA from March 31, 2023 (5.15%) to December 31, 2022 (4.33%). This suggests that the company's asset utilization and profitability had increased during this period.
In contrast, there was a significant decline in ROA from December 31, 2020 (3.85%) to March 31, 2020 (6.33%), which may indicate a potential issue with the company's asset management efficiency or profitability during that particular quarter.
Overall, Jacobs Solutions Inc.'s ROA has demonstrated some volatility in recent quarters, with fluctuations that could be attributed to changes in asset efficiency and profitability. Further analysis may be required to understand the underlying factors driving these variations.
Peer comparison
Dec 31, 2023