Jabil Circuit Inc (JBL)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,250,000 | 1,478,000 | 1,537,000 | 1,505,000 | 1,451,000 | 1,405,000 | 1,393,000 | 1,249,000 | 1,168,000 | 1,091,000 | 1,055,000 | 987,207 | 806,591 | 661,221 | 500,000 | 492,182 | 573,716 | 637,069 | 701,000 | 665,507 |
| 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 |
| Operating ROA | 13.14% | 7.61% | 7.91% | 7.74% | 7.42% | 6.85% | 7.06% | 6.87% | 6.70% | 6.20% | 6.33% | 6.27% | 5.56% | 4.33% | 3.47% | 3.68% | 4.37% | 4.41% | 5.40% | 5.28% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,250,000K ÷ $17,123,000K
= 13.14%
Operating return on assets (operating ROA) for Jabil Circuit Inc has shown an increasing trend over the past few quarters. From the most recent data available as of February 29, 2024, the operating ROA stands at 13.14%, representing a healthy profitability level from the company's operating activities relative to its assets.
The trend of operating ROA has generally been on an upward trajectory since the beginning of 2020, with occasional fluctuations. This indicates that the company has been efficiently utilizing its assets to generate operating profits, reflecting effective management and operational performance.
The operating ROA figures ranged between 3.47% to 13.14% in the given time period, with the latest value being one of the highest in the series. This suggests that Jabil Circuit Inc has been improving its operational efficiency and profitability over time.
Overall, the increasing trend in operating ROA for Jabil Circuit Inc indicates effective asset management and operational performance, which is a positive signal for investors and stakeholders regarding the company's ability to generate profits from its operational activities.
Peer comparison
Feb 29, 2024