Jabil Circuit Inc (JBL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,658,000 | 2,535,000 | 2,866,000 | 2,736,000 | 2,673,000 | 2,529,000 | 2,451,000 | 2,356,000 | 2,337,000 | 2,206,000 | 2,136,000 | 2,138,010 | 2,089,160 | 1,979,370 | 1,811,000 | 1,632,300 | 1,746,830 | 1,835,690 | 1,887,440 | 1,854,970 |
| ROE | 56.77% | 31.12% | 28.54% | 35.75% | 36.03% | 38.67% | 40.64% | 36.33% | 34.53% | 33.41% | 32.58% | 27.54% | 17.66% | 10.79% | 2.98% | 2.37% | 7.62% | 11.10% | 15.21% | 9.55% |
February 29, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,509,000K ÷ $2,658,000K
= 56.77%
The Return on Equity (ROE) for Jabil Circuit Inc has shown fluctuations over the past few quarters. ROE stood at a high of 56.77% as of February 29, 2024, indicating that the company generated $0.5677 in net income for every dollar of shareholder equity. This represents a significant improvement compared to the lower ROE figures recorded in the preceding quarters, such as 31.12% in November 30, 2023, 28.54% in August 31, 2023, and 35.75% in May 31, 2023.
The trend in ROE appears to have been volatile, with fluctuations observed from quarter to quarter. The company experienced a decline in ROE from the consistently high levels seen in the period from August 2022 to February 2023. However, the latest ROE figure of 56.77% suggests a notable rebound in profitability and efficiency in utilizing shareholders' equity.
It is essential for stakeholders to further investigate the factors underlying these fluctuations in ROE to assess the company's operational performance, financial health, and strategic decisions. Analyzing the components of ROE, such as net income, total equity, and financial leverage, can provide valuable insights into the company's ability to generate profits from the capital invested by shareholders.
Peer comparison
Feb 29, 2024