Jabil Circuit Inc (JBL)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,388,000 | 818,000 | 996,000 | 696,000 | 54,000 |
| Total assets | US$ in thousands | 17,351,000 | 19,424,000 | 19,717,000 | 16,654,000 | 14,397,000 |
| ROA | 8.00% | 4.21% | 5.05% | 4.18% | 0.38% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,388,000K ÷ $17,351,000K
= 8.00%
Jabil Circuit Inc's return on assets (ROA) has shown improvement over the past five years. The ROA increased from 0.38% in August 2020 to 8.00% in August 2024, indicating a positive trend in the company's ability to generate earnings relative to its total assets. This suggests that Jabil Circuit Inc has become more efficient in utilizing its assets to generate profits. The consistent increase in ROA from 2020 to 2024 reflects favorable operational performance and potentially effective management of resources. This upward trend in ROA indicates that Jabil Circuit Inc has been more successful in generating profits from its assets over the years, which may be a positive signal for investors and stakeholders.
Peer comparison
Aug 31, 2024