Jabil Circuit Inc (JBL)

Total asset turnover

		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	Aug 31, 2019	May 31, 2019
Revenue (ttm)	US$ in thousands	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	25,282,320	24,451,590
Total assets	US$ in thousands	17,123,000	19,414,000	19,424,000	19,436,000	19,567,000	20,506,000	19,717,000	18,171,000	17,430,000	17,588,000	16,654,000	15,740,700	14,494,200	15,269,500	14,397,000	13,390,900	13,139,700	14,445,000	12,970,500	12,608,800
Total asset turnover		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	1.95	1.94

February 29, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $32,864,000K ÷ $17,123,000K
= 1.92

The total asset turnover ratio for Jabil Circuit Inc has fluctuated over the past several quarters, ranging from a low of 1.68 to a high of 2.00. This ratio measures the efficiency with which the company utilizes its assets to generate revenue. A higher total asset turnover ratio indicates that the company is able to generate more revenue for each dollar of assets it holds.

Looking at the trend, we can see that the total asset turnover ratio has generally been above 1.70, indicating that Jabil Circuit Inc has been effectively utilizing its assets to generate revenue. The ratios above 1.80 suggest a more efficient use of assets, with peaks of 1.94 and 2.00 in recent quarters highlighting increased efficiency in generating revenue.

Overall, the total asset turnover ratio for Jabil Circuit Inc has demonstrated a positive trend, indicating efficient management of assets to generate revenue, which is a favorable indicator of the company's operational performance.