Jabil Circuit Inc (JBL)

Return on assets (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
Net income (ttm)	US$ in thousands	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	287,000	177,122
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
ROA		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%	2.21%	1.40%

February 29, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,509,000K ÷ $17,123,000K
= 8.81%

The return on assets (ROA) of Jabil Circuit Inc has shown a fluctuating trend over the past few quarters. In the latest period ending on February 29, 2024, the ROA stood at 8.81%, indicating that the company generated a profit of $0.0881 for every dollar of assets employed in its operations.

Compared to the previous quarters, there has been a significant improvement in the ROA, as it was 4.06% in November 30, 2023, and 4.21% in August 31, 2023. This suggests that Jabil Circuit Inc has been able to more efficiently utilize its assets to generate profits in the most recent period.

Looking further back, the ROA has shown a generally upward trend since May 31, 2021, where it was at 3.74%. This improvement indicates that the company's management may have implemented strategies to enhance operational efficiency and profitability.

It is important to note that while the ROA has been on an upward trajectory, there were periods of lower ROA, such as in May 31, 2020, where it was at 0.29%. This could indicate challenges faced by the company during that period in effectively utilizing its assets to generate profits.

Overall, the recent increase in ROA for Jabil Circuit Inc is a positive sign, indicating improved profitability relative to its asset base. Investors and stakeholders may view this as a reflection of the company's ability to drive better financial performance through effective management of its resources.