Jabil Circuit Inc (JBL)
Total asset 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 |
Total assets | US$ in thousands | 17,351,000 | 19,424,000 | 19,717,000 | 16,654,000 | 14,397,000 |
Total asset turnover | 1.72 | 1.78 | 1.69 | 1.75 | 1.88 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $29,825,000K ÷ $17,351,000K
= 1.72
Over the five-year period from August 31, 2020, to August 31, 2024, Jabil Circuit Inc's total asset turnover ratio exhibited a fluctuating trend. The ratio indicates how efficiently the company generates sales revenue relative to its total assets. A decreasing total asset turnover ratio may suggest inefficiencies in asset utilization, while an increasing ratio generally implies improved asset productivity.
Jabil Circuit Inc's total asset turnover decreased from 1.88 in 2020 to 1.72 in 2024. This decline may indicate that the company was less efficient in generating sales revenue in relation to its total assets in 2024 compared to 2020. However, it is important to note that a total asset turnover ratio of 1.72 still signifies that Jabil Circuit Inc was able to generate $1.72 in sales revenue for every dollar invested in total assets in 2024.
Despite the fluctuations in the total asset turnover ratio over the years, further analysis of the company's operational efficiency, asset management strategies, and revenue generation capabilities would provide deeper insights into the factors influencing these trends and help in understanding the overall financial health and performance of Jabil Circuit Inc.
Peer comparison
Aug 31, 2024