Jabil Circuit Inc (JBL)
Fixed asset turnover
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 29,731,000 | 31,237,000 | 32,864,000 | 33,262,000 | 34,496,000 | 35,012,000 | 34,905,000 | 34,363,000 | 33,323,000 | 31,701,450 | 30,597,290 | 29,874,810 | 29,140,990 | 29,008,250 | 28,121,180 | 27,402,560 | 27,063,170 | 26,546,240 | 26,337,560 | 26,279,490 |
| Property, plant and equipment | US$ in thousands | 7,382,000 | 2,963,000 | 3,045,000 | 3,134,000 | 7,339,000 | 9,974,000 | 9,866,000 | 9,740,000 | 9,210,000 | 9,376,000 | 9,112,000 | 9,165,000 | 8,790,000 | 3,812,160 | 3,696,370 | 3,792,090 | 3,665,310 | 3,485,670 | 3,462,040 | 3,450,210 |
| Fixed asset turnover | 4.03 | 10.54 | 10.79 | 10.61 | 4.70 | 3.51 | 3.54 | 3.53 | 3.62 | 3.38 | 3.36 | 3.26 | 3.32 | 7.61 | 7.61 | 7.23 | 7.38 | 7.62 | 7.61 | 7.62 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $29,731,000K ÷ $7,382,000K
= 4.03
The fixed asset turnover ratio for Jabil Circuit Inc has shown fluctuations over the past several reporting periods. The ratio measures the efficiency of the company in generating sales revenue from its investments in fixed assets. In the most recent period as of August 31, 2024, the fixed asset turnover was 4.03, which indicates that the company generated $4.03 in sales for every dollar invested in fixed assets.
The ratio has been volatile, with significant variations in the range of 3.26 to 10.79 over the past few years. The higher ratios observed in May 2024, Feb 2024, and Nov 2023 signify strong operational performance in terms of utilizing fixed assets to drive sales. On the other hand, the lower ratios in the range of 3.26 to 3.70 seen in some periods suggest potential inefficiencies or lower sales generated per dollar of fixed assets deployed.
Overall, Jabil Circuit Inc's fixed asset turnover ratio shows variability, indicating fluctuations in the company's ability to efficiently convert its investment in fixed assets into sales revenue. Further analysis and comparison with industry benchmarks may help in better understanding the company's performance in utilizing its fixed assets effectively.
Peer comparison
Aug 31, 2024