Jabil Circuit Inc (JBL)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	2,013,000	2,136,000	2,264,000	1,492,000	1,549,000	1,506,000	1,434,000	1,392,000	1,382,000	1,254,000	1,183,000	1,106,000	1,072,000	957,232	766,183	600,741	432,000	426,928	505,019	577,194
Long-term debt	US$ in thousands	2,880,000	2,879,000	2,878,000	2,876,000	2,875,000	2,874,000	2,577,000	2,576,000	2,575,000	2,874,000	2,380,000	2,379,000	2,878,000	2,876,600	2,679,820	2,679,000	2,678,000	2,087,590	2,086,360	2,115,720
Total stockholders’ equity	US$ in thousands	1,737,000	2,276,000	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
Return on total capital		43.60%	41.44%	40.90%	27.57%	26.98%	26.84%	27.31%	27.27%	27.50%	23.98%	25.08%	24.12%	21.38%	19.09%	16.07%	12.90%	9.62%	11.48%	13.17%	14.61%

August 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,013,000K ÷ ($2,880,000K + $1,737,000K)
= 43.60%

Jabil Circuit Inc's return on total capital has shown a positive trend over the past few quarters with a steady increase from 9.62% in November 2020 to 43.60% in August 2024. This indicates that the company has been effectively utilizing its capital to generate returns for its investors and stakeholders. The consistent improvement in return on total capital demonstrates the company's efficient management of its resources and ability to generate value for its shareholders. Overall, the increasing trend in return on total capital reflects positively on Jabil Circuit Inc's financial performance and strategic decision-making.