Jabil Circuit Inc (JBL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,737,000 | 2,866,000 | 2,451,000 | 2,136,000 | 1,811,000 |
| ROE | 79.91% | 28.54% | 40.64% | 32.58% | 2.98% |
August 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,388,000K ÷ $1,737,000K
= 79.91%
Jabil Circuit Inc's Return on Equity (ROE) has shown a positive and improving trend over the past five years. The company's ROE has increased from 2.98% in 2020 to 79.91% in 2024, indicating a significant improvement in the company's ability to generate profit from its shareholders' equity.
The substantial increase in ROE suggests that Jabil Circuit Inc has become more efficient in utilizing its equity to generate earnings for its shareholders. This improved performance can be attributed to various factors such as effective cost management, higher revenue growth, and potentially improved operational efficiency.
The impressive ROE of 79.91% in 2024 indicates that Jabil Circuit Inc is generating substantial returns for its shareholders relative to the equity invested in the company. Investors may view this as a positive sign of the company's financial health and overall performance. However, it is essential to further analyze the company's financial statements and performance metrics to gain a more comprehensive understanding of its financial position and future prospects.
Peer comparison
Aug 31, 2024