Jabil Circuit Inc (JBL)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	2,013,000	2,136,000	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
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
Operating ROA		11.60%	12.24%	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%

August 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,013,000K ÷ $17,351,000K
= 11.60%

The trend analysis of Jabil Circuit Inc's operating return on assets (Operating ROA) reveals fluctuations in performance over the past few quarters.

From August 2019 to August 2020, the Operating ROA ranged between 3.47% and 7.42%, showing moderate variability. Subsequently, there was an improvement in Operating ROA, reaching a high of 13.14% in February 2024. However, the ratio declined to 11.60% by August 2024.

Overall, Jabil Circuit Inc's Operating ROA has shown some volatility, with periodic increases and decreases. It is crucial for the company to analyze the reasons behind these fluctuations to maintain a consistent and healthy level of profitability relative to its asset base.