Jabil Circuit Inc (JBL)

Total 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
Total assets	US$ in thousands	17,351,000	17,449,000	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
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

August 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $29,731,000K ÷ $17,351,000K
= 1.71

Jabil Circuit Inc's total asset turnover ratio has exhibited variability over the past few quarters. The ratio, which measures the efficiency of the company in generating sales from its total assets, shows a general increasing trend from Nov 2019 to May 2021, reaching a peak of 1.94 in Feb 2021 before slightly decreasing.

However, since then, the total asset turnover ratio has fluctuated within a range of 1.68 to 1.92. Notably, the ratio saw a dip in Aug 2022 to 1.69 before bouncing back and reaching 2.00 in Feb 2022, indicating a significant improvement in asset efficiency during that quarter.

In the most recent data available, as of Aug 31, 2024, the total asset turnover ratio stands at 1.71. This implies that for every dollar of total assets, the company is generating $1.71 in sales. The fluctuations in the total asset turnover ratio suggest changes in the company's operational efficiency and the utilization of its assets to generate revenue.