Jabil Circuit Inc (JBL)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.49 | 6.57 | 6.38 | 6.25 | 6.38 | 5.56 | 5.17 | 5.16 | 5.24 | 5.12 | 5.48 | 6.18 | 6.39 | 7.07 | 7.71 | 8.22 | 8.53 | 7.94 | 7.72 | 7.68 |
| Receivables turnover | — | — | — | — | 9.46 | — | — | — | 8.34 | — | — | — | 9.28 | — | — | — | — | — | — | — |
| Payables turnover | 4.48 | 5.40 | 6.10 | 5.69 | 5.85 | 5.28 | 4.84 | 4.13 | 4.01 | 4.32 | 4.31 | 3.86 | 4.13 | 4.55 | 4.86 | 4.18 | 4.70 | 5.19 | 5.54 | 4.33 |
| Working capital turnover | 29.47 | 21.25 | 18.47 | 20.48 | 16.95 | 43.07 | 69.95 | 112.30 | 157.93 | 59.81 | 199.98 | — | 150.21 | 70.32 | 93.34 | 147.97 | 356.09 | — | — | — |
Jabil Circuit Inc's activity ratios provide insights into how efficiently the company manages its assets and operations.
1. Inventory Turnover:
- Jabil Circuit Inc consistently maintains a healthy inventory turnover ratio, ranging from 5.12 to 8.53 over the past two years.
- The average inventory turnover ratio is around 6.63, indicating that the company effectively manages its inventory levels and converts them into sales multiple times throughout the year.
2. Receivables Turnover:
- Limited data is available for the receivables turnover ratio, with values only provided for Nov 2023 and Aug 2021.
- The Nov 2023 receivables turnover ratio was around 9.46, suggesting that the company collected its accounts receivable nearly 9.46 times during that period.
- Further historical data is needed to provide a more comprehensive analysis of Jabil Circuit Inc's receivables turnover efficiency.
3. Payables Turnover:
- Jabil Circuit Inc's payables turnover exhibits some fluctuations, but generally, the company maintains a reasonable payables turnover ratio, ranging from 3.86 to 6.10 over the past two years.
- The average payables turnover ratio is approximately 4.74, indicating that the company efficiently manages its accounts payable by paying its suppliers multiple times during the year.
4. Working Capital Turnover:
- The working capital turnover for Jabil Circuit Inc has displayed significant variations over the past two years, ranging from 16.95 to 356.09.
- The average working capital turnover is approximately 99.73, reflecting the company's ability to generate revenue relative to its working capital investment.
- A higher working capital turnover ratio signifies that the company efficiently utilizes its working capital to generate sales.
In conclusion, Jabil Circuit Inc demonstrates efficient management of its inventory, payables, and working capital, but additional data on receivables turnover would provide a more comprehensive assessment of the company's overall efficiency in managing its assets and operations.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 56.24 | 55.54 | 57.18 | 58.42 | 57.20 | 65.69 | 70.58 | 70.73 | 69.63 | 71.33 | 66.59 | 59.08 | 57.08 | 51.59 | 47.32 | 44.40 | 42.77 | 45.99 | 47.29 | 47.55 |
| Days of sales outstanding (DSO) | days | — | — | — | — | 38.59 | — | — | — | 43.76 | — | — | — | 39.34 | — | — | — | — | — | — | — |
| Number of days of payables | days | 81.41 | 67.54 | 59.79 | 64.19 | 62.40 | 69.16 | 75.41 | 88.47 | 90.97 | 84.46 | 84.77 | 94.44 | 88.47 | 80.30 | 75.04 | 87.28 | 77.66 | 70.30 | 65.87 | 84.23 |
The Days of Inventory on Hand (DOH) for Jabil Circuit Inc has fluctuated over the periods under review, ranging from 42.77 days to 70.73 days. The company's ability to manage its inventory efficiently improved during the earlier periods but worsened recently. On average, it takes the company around 55 to 70 days to convert its inventory into sales.
The Days of Sales Outstanding (DSO) data is missing for most periods, indicating that information on the average number of days it takes Jabil Circuit Inc to collect revenue from sales is not available. This could be due to variations in customer payment terms or changes in internal collection processes.
The Number of Days of Payables for the company has ranged from 59.79 days to 94.44 days over the periods analyzed. Jabil Circuit Inc's payment terms with suppliers have shown some inconsistency, with fluctuations in the time taken to settle outstanding obligations. A lower number of days of payables could suggest a tighter cash flow position, while a higher number implies more extended payment terms.
Overall, the analysis of Jabil Circuit Inc's activity ratios indicates some variability in inventory management efficiency and payment practices, which could impact the company's liquidity and working capital management strategies.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.71 | 1.79 | 1.92 | 1.71 | 1.78 | 1.80 | 1.78 | 1.68 | 1.69 | 1.74 | 1.76 | 1.70 | 1.75 | 1.84 | 1.94 | 1.79 | 1.88 | 1.98 | 2.00 | 1.82 |
Based on the provided data, we can analyze Jabil Circuit Inc's long-term activity ratios over the past few years.
1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. A higher fixed asset turnover indicates more efficient utilization of fixed assets.
- Jabil Circuit Inc's fixed asset turnover has generally been fluctuating over the years, ranging from a low of 3.26 to a high of 10.79.
- The company experienced a significant increase in fixed asset turnover in recent periods, with the ratio exceeding 7 in most of the latest periods.
- This implies that Jabil Circuit Inc has been able to generate more revenue relative to its investments in fixed assets, indicating efficient utilization of long-term assets.
2. Total Asset Turnover:
- The total asset turnover ratio measures how efficiently a company utilizes all its assets to generate sales. A higher total asset turnover ratio signifies better asset utilization.
- Jabil Circuit Inc's total asset turnover has also varied over the years, with values ranging from 1.68 to 2.00.
- The company's total asset turnover has generally been above 1.5, indicating that it generates more revenue relative to its total assets.
- The peak in the total asset turnover ratio in recent periods suggests improved efficiency in utilizing all assets to generate sales.
Overall, the trends in both fixed asset turnover and total asset turnover ratios for Jabil Circuit Inc indicate that the company has been effectively utilizing its assets to generate revenue. The increasing trend in these ratios demonstrates improved efficiency in asset management and revenue generation over the analyzed periods.