Jack In The Box Inc (JACK)

Total asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,571,310	1,692,310	1,468,080	1,143,670	1,021,510
Total assets	US$ in thousands	2,735,630	3,001,090	2,922,510	1,750,140	1,906,490
Total asset turnover		0.57	0.56	0.50	0.65	0.54

September 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,571,310K ÷ $2,735,630K
= 0.57

Jack In The Box Inc's total asset turnover ratio has fluctuated over the past five years, ranging from 0.50 in 2022 to 0.65 in 2021. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of assets, indicating better asset utilization.

In 2024, the total asset turnover ratio stands at 0.57, showing a moderate increase compared to the previous year. This suggests that Jack In The Box Inc has improved its efficiency in generating sales from its assets. However, the ratio remains below the 2021 peak, indicating that there may still be room for further improvement in asset utilization.

Overall, Jack In The Box Inc's total asset turnover ratio has shown some variability in recent years, but the current ratio suggests a reasonable level of efficiency in turning its assets into revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in utilizing its asset base.