Johnson Controls International PLC (JCI)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,946,000 | 27,224,000 | 26,966,000 | 26,831,000 | 26,865,000 | 26,291,000 | 25,891,000 | 25,349,000 | 25,213,000 | 25,100,000 | 24,823,000 | 24,458,000 | 23,809,000 | 23,275,000 | 22,325,000 | 22,002,000 | 22,321,000 | 22,611,000 | 23,606,000 | 23,983,000 |
| Property, plant and equipment | US$ in thousands | 2,403,000 | 3,011,000 | 3,104,000 | 3,131,000 | 2,374,000 | 3,187,000 | 3,094,000 | 3,098,000 | 3,131,000 | 2,962,000 | 3,103,000 | 3,213,000 | 3,228,000 | 3,111,000 | 3,015,000 | 3,082,000 | 3,059,000 | 3,041,000 | 3,274,000 | 3,341,000 |
| Fixed asset turnover | 9.55 | 9.04 | 8.69 | 8.57 | 11.32 | 8.25 | 8.37 | 8.18 | 8.05 | 8.47 | 8.00 | 7.61 | 7.38 | 7.48 | 7.40 | 7.14 | 7.30 | 7.44 | 7.21 | 7.18 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $22,946,000K ÷ $2,403,000K
= 9.55
The fixed asset turnover ratio for Johnson Controls International PLC has shown volatility over the past few quarters, ranging from a low of 7.14 to a high of 11.32. This ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets, which is generally seen as a positive sign of operational efficiency.
The company's fixed asset turnover ratio has generally been on an upward trend since the end of 2020, with some fluctuations in between. The ratio has consistently been above 7.0, indicating that Johnson Controls has been effectively utilizing its fixed assets to generate revenue.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Johnson Controls International PLC has been improving its operational efficiency and utilizing its fixed assets more effectively over the analyzed periods.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Net Fixed Asset Turnover (Quarterly Data)