Jabil Circuit Inc (JBL)
Working capital 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 current assets | US$ in thousands | 12,791,000 | 12,893,000 | 12,470,000 | 14,654,000 | 14,730,000 | 13,609,000 | 13,781,000 | 14,678,000 | 13,908,000 | 12,472,000 | 11,867,000 | 11,812,000 | 10,877,000 | 10,259,500 | 9,143,650 | 9,847,190 | 9,135,000 | 8,266,290 | 7,977,840 | 9,252,230 |
| Total current liabilities | US$ in thousands | 11,782,000 | 11,423,000 | 10,691,000 | 13,030,000 | 12,695,000 | 12,796,000 | 13,282,000 | 14,372,000 | 13,697,000 | 11,942,000 | 11,714,000 | 11,965,000 | 10,683,000 | 9,847,000 | 8,842,380 | 9,662,000 | 9,059,000 | 8,768,280 | 8,405,140 | 9,562,050 |
| Working capital turnover | 29.47 | 21.25 | 18.47 | 20.48 | 16.95 | 43.07 | 69.95 | 112.30 | 157.93 | 59.81 | 199.98 | — | 150.21 | 70.32 | 93.34 | 147.97 | 356.09 | — | — | — |
August 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $29,731,000K ÷ ($12,791,000K – $11,782,000K)
= 29.47
Jabil Circuit Inc's working capital turnover has shown some fluctuation over the past few periods. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue.
In analyzing the data provided, we can see that Jabil Circuit Inc's working capital turnover has ranged from a low of 16.95 to a high of 199.98, indicating varying levels of efficiency in managing its working capital over the different periods.
The highest working capital turnover ratio of 199.98 suggests that the company was able to generate significant revenue relative to its working capital investment during this period. This may indicate efficient management of working capital resources and effective utilization of assets to drive sales.
On the other hand, the lower working capital turnover ratios, such as 16.95 and 18.47, may indicate less efficient utilization of working capital to generate revenue during those periods. This could be due to factors such as excess inventory, slow collections from customers, or inefficient management of current assets and liabilities.
Overall, the trend in working capital turnover for Jabil Circuit Inc shows variability, indicating the need for consistent monitoring and management of working capital to optimize efficiency and support the company's financial performance.
Peer comparison
Aug 31, 2024