Jabil (STU:JBL) Receivables Turnover : 2.14 (As of Feb. 2024)

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What is Jabil Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Jabil's Revenue for the three months ended in Feb. 2024 was €6,273 Mil. Jabil's average Accounts Receivable for the three months ended in Feb. 2024 was €2,934 Mil. Hence, Jabil's Receivables Turnover for the three months ended in Feb. 2024 was 2.14.

Jabil Receivables Turnover Historical Data

The historical data trend for Jabil's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jabil Receivables Turnover Chart

Jabil Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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11.55

9.45

9.81

9.99

8.73

Jabil Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.93	2.30	2.33	2.29	2.14

Competitive Comparison of Jabil's Receivables Turnover

For the Electronic Components subindustry, Jabil's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jabil's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jabil's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jabil's Receivables Turnover falls into.

Jabil Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Jabil's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	31821.734	/ (	(3943.065	+	3344.299)	/	2 )
=	31821.734	/	3643.682
=	8.73

Jabil's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	6273.009	/ (	(3412.332	+	2454.696)	/	2 )
=	6273.009	/	2933.514
=	2.14

Jabil (STU:JBL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Jabil Receivables Turnover Related Terms

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Jabil (STU:JBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jabil Inc (STU:JBL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JBL:USA JBL:Mexico JBL:Germany

Address

10800 Roosevelt Boulevard North, Saint Petersburg, FL, USA, 33716

Website

https://www.jabil.com

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.