Jabil Circuit Inc (JBL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,388,000 | 1,405,000 | 1,509,000 | 789,000 | 818,000 | 978,000 | 963,000 | 978,000 | 996,000 | 856,000 | 807,000 | 737,000 | 696,000 | 588,819 | 368,861 | 213,578 | 54,000 | 38,745 | 133,185 | 203,822 |
| 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 |
| ROA | 8.00% | 8.05% | 8.81% | 4.06% | 4.21% | 5.03% | 4.92% | 4.77% | 5.05% | 4.71% | 4.63% | 4.19% | 4.18% | 3.74% | 2.54% | 1.40% | 0.38% | 0.29% | 1.01% | 1.41% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,388,000K ÷ $17,351,000K
= 8.00%
Jabil Circuit Inc's return on assets (ROA) has fluctuated over the past several periods. ROA measures a company's ability to generate profits from its assets.
In the most recent period as of August 31, 2024, Jabil Circuit Inc achieved an ROA of 8.00%, a slight decrease from the 8.05% reported in May 31, 2024. This indicates that for every dollar of assets the company owns, it generated a profit of 8 cents.
Looking back over the previous periods, we can see a general trend of improvement in ROA from the low of 0.29% in May 31, 2020 to the recent high of 8.81% in February 29, 2024. This improvement suggests that Jabil Circuit Inc has been more efficient in utilizing its assets to generate profits over time.
However, it is important to note some fluctuations in ROA, such as the decrease from 8.81% in February 29, 2024 to 4.06% in November 30, 2023. These fluctuations may indicate changing market conditions or internal factors affecting the company's profitability.
Overall, Jabil Circuit Inc's ROA performance reflects its ability to generate profits relative to its asset base, and investors and analysts may view the trend in ROA as a key indicator of the company's financial health and operational efficiency.
Peer comparison
Aug 31, 2024