Jabil Circuit Inc (JBL)

Working capital 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 current assets	US$ in thousands	12,791,000	14,730,000	13,908,000	10,877,000	9,135,000
Total current liabilities	US$ in thousands	11,782,000	12,695,000	13,697,000	10,683,000	9,059,000
Working capital turnover		29.56	16.95	157.93	150.21	356.09

August 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $29,825,000K ÷ ($12,791,000K – $11,782,000K)
= 29.56

The working capital turnover of Jabil Circuit Inc has varied significantly over the past five years. In 2020, the working capital turnover was at a high level of 356.09, indicating that the company turned over its working capital 356 times during the year. This was followed by a significant drop in 2021 to 150.21, signifying a decrease in the efficiency of the company in utilizing its working capital to generate sales.

In 2022, there was a notable increase in the working capital turnover to 157.93, suggesting an improvement in the management of working capital to support sales activities. However, this improvement was short-lived as the working capital turnover decreased in 2023 to 16.95, indicating a potential inefficiency in managing working capital during that year.

The latest data for 2024 shows a substantial rebound in the working capital turnover to 29.56, although it is still below the levels seen in 2020 and 2022. Overall, the fluctuating trend in the working capital turnover of Jabil Circuit Inc over the past five years suggests varying levels of efficiency in utilizing working capital to support the company's operations and generate sales.