Johnson Controls International PLC (JCI)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 29,198,000 | 31,282,000 | 32,899,000 |
| Property, plant and equipment | US$ in thousands | 3,131,000 | 3,136,000 | 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 | 3,348,000 | 3,282,000 | 3,332,000 |
| Fixed asset turnover | 8.57 | 8.57 | 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 | 8.72 | 9.53 | 9.87 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $26,831,000K ÷ $3,131,000K
= 8.57
The fixed asset turnover ratio for Johnson Controls International plc has shown consistency and improvement over the past eight quarters. The ratio has been gradually increasing, indicating that the company is generating more revenue relative to its investment in fixed assets. This implies that the company is effectively utilizing its fixed assets to generate sales. A high fixed asset turnover ratio is generally a positive sign, as it suggests that the company is efficient in using its fixed assets to generate revenue. The increasing trend of the fixed asset turnover ratio for Johnson Controls International plc is a favorable indicator of improved operational efficiency and effective management of its fixed assets over the analyzed period.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Net Fixed Asset Turnover (Quarterly Data)