Jacobs Solutions Inc. (J)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,002,923 | 1,030,067 | 1,061,464 | 1,080,875 | 961,667 | 905,189 | 859,446 | 841,589 | 643,500 | 688,091 | 459,048 | 389,678 | 598,568 | 535,973 | 612,585 | 508,163 | 443,066 | 404,851 | 565,709 | 692,477 |
| Long-term debt | US$ in thousands | 2,834,880 | 2,813,470 | 3,145,530 | 3,402,470 | 3,434,320 | 3,357,260 | 3,520,490 | 3,196,370 | 3,073,070 | 2,839,930 | 3,067,740 | 3,425,850 | 1,797,070 | 1,676,940 | 2,155,170 | 3,099,460 | 1,414,900 | 1,201,240 | 1,025,200 | 2,841,540 |
| Total stockholders’ equity | US$ in thousands | 6,678,270 | 6,546,220 | 6,521,720 | 6,379,640 | 6,184,100 | 6,060,060 | 5,933,290 | 6,077,450 | 6,069,950 | 5,940,040 | 6,152,910 | 6,008,440 | 6,099,490 | 5,815,710 | 5,835,810 | 5,561,780 | 6,004,420 | 5,714,690 | 6,060,060 | 5,465,850 |
| Return on total capital | 10.54% | 11.01% | 10.98% | 11.05% | 10.00% | 9.61% | 9.09% | 9.07% | 7.04% | 7.84% | 4.98% | 4.13% | 7.58% | 7.15% | 7.67% | 5.87% | 5.97% | 5.85% | 7.98% | 8.34% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,002,923K ÷ ($2,834,880K + $6,678,270K)
= 10.54%
Jacobs Solutions Inc. has shown a consistent trend in its return on total capital over the past five years. The company's return on total capital has generally increased from 5.85% in March 2019 to 11.05% in March 2023, with occasional fluctuations in between.
The return on total capital peaked at 11.05% in March 2023, indicating that the company is effectively utilizing its capital to generate profits. This may suggest that Jacobs Solutions Inc. is efficiently deploying its resources to generate returns for its investors.
Overall, the upward trend in return on total capital indicates that Jacobs Solutions Inc. has been successful in managing its capital effectively and generating satisfactory returns for its stakeholders over the years analyzed.
Peer comparison
Dec 31, 2023