Jack In The Box Inc (JACK)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,692,310 | 1,468,080 | 1,143,670 | 1,021,510 | 950,107 |
| Property, plant and equipment | US$ in thousands | 412,030 | 418,164 | 322,914 | 335,982 | 391,934 |
| Fixed asset turnover | 4.11 | 3.51 | 3.54 | 3.04 | 2.42 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,692,310K ÷ $412,030K
= 4.11
The fixed asset turnover ratio for Jack In The Box Inc has shown a consistent upward trend over the past five years, indicating improved efficiency in the company's utilization of its fixed assets to generate revenue. The ratio has increased from 2.42 in 2019 to 4.11 in 2023, demonstrating a significant improvement in asset utilization.
A higher fixed asset turnover ratio suggests that Jack In The Box Inc is effectively using its fixed assets, such as property, plant, and equipment, to generate sales. This efficiency could be attributed to better operational management, increased productivity, or strategic investments in technology and equipment.
Overall, the improving trend in the fixed asset turnover ratio reflects positively on Jack In The Box Inc's operational efficiency and effectiveness in generating revenue from its fixed assets.
Peer comparison
Sep 30, 2023