Jabil Circuit Inc (JBL)
Receivables turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 29,825,000 | 34,496,000 | 33,323,000 | 29,141,000 | 27,063,200 |
| Receivables | US$ in thousands | — | 3,647,000 | 3,995,000 | 3,141,000 | -25,800 |
| Receivables turnover | — | 9.46 | 8.34 | 9.28 | — |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $29,825,000K ÷ $—K
= —
The receivables turnover for Jabil Circuit Inc has shown a fluctuating trend over the past five years. In 2023, the company achieved a receivables turnover ratio of 9.46, indicating that it collected its accounts receivables approximately 9.46 times during the year. This ratio decreased to 8.34 in 2022 before increasing to 9.28 in 2021. Notably, the receivables turnover for 2020 is unavailable in the provided data.
A higher receivables turnover ratio is generally seen as favorable, as it suggests that the company is efficient in collecting payments from its customers. However, the fluctuations observed in Jabil Circuit Inc's receivables turnover ratio over the years may indicate variability in its credit policies, customer payment behaviors, or sales mix. Monitoring this ratio over time can provide insights into the company's liquidity, credit management, and overall financial performance.
Peer comparison
Aug 31, 2024