Jack In The Box Inc (JACK)
Total 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 |
| Total assets | US$ in thousands | 3,001,090 | 2,922,510 | 1,750,140 | 1,906,490 | 958,483 |
| Total asset turnover | 0.56 | 0.50 | 0.65 | 0.54 | 0.99 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,692,310K ÷ $3,001,090K
= 0.56
Jack In The Box Inc's total asset turnover has varied over the past five years, indicating fluctuations in how efficiently the company generates sales from its assets. In 2023, the total asset turnover ratio stood at 0.56, showing that the company generated $0.56 in sales for every $1 of assets. This represents an improvement compared to the previous year (0.50 in 2022) but is lower than the ratios observed in 2021 (0.65) and 2019 (0.99).
The declining trend in total asset turnover from 2021 to 2022 was concerning, suggesting a potential decrease in efficiency in asset utilization. However, the slight improvement in 2023 is a positive sign, indicating that the company may be managing its assets more effectively to generate sales.
Overall, Jack In The Box Inc's total asset turnover has been somewhat volatile in recent years, and stakeholders should monitor this ratio closely to ensure that the company is efficiently utilizing its assets to drive revenue growth.
Peer comparison
Sep 30, 2023