Johnson Controls International PLC (JCI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 21,658,000 | 18,900,000 | 19,316,000 | 18,504,000 | 18,704,000 | 24,982,000 | 24,840,000 | 24,613,000 | 24,174,000 | 23,549,000 | 23,065,000 | 22,138,000 | 21,642,000 | 21,441,000 | 21,291,000 | 21,448,000 | 21,898,000 | 22,711,000 | 23,142,000 | 23,318,000 |
| Inventory | US$ in thousands | 1,774,000 | 2,863,000 | 2,991,000 | 3,006,000 | 1,872,000 | 3,092,000 | 3,048,000 | 2,895,000 | 2,665,000 | 2,574,000 | 2,515,000 | 2,425,000 | 2,057,000 | 2,064,000 | 1,994,000 | 1,913,000 | 1,773,000 | 1,996,000 | 2,030,000 | 1,953,000 |
| Inventory turnover | 12.21 | 6.60 | 6.46 | 6.16 | 9.99 | 8.08 | 8.15 | 8.50 | 9.07 | 9.15 | 9.17 | 9.13 | 10.52 | 10.39 | 10.68 | 11.21 | 12.35 | 11.38 | 11.40 | 11.94 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $21,658,000K ÷ $1,774,000K
= 12.21
The inventory turnover ratio for Johnson Controls International PLC has exhibited fluctuations over the past several periods. The ratio provides insights into how effectively the company is managing its inventory. A higher inventory turnover ratio indicates that the company is selling its inventory quickly, which can be a positive indicator of efficient operations and reduced risk of obsolescence.
Analyzing the data provided, we observe that the inventory turnover ratio has ranged from a low of 6.16 in December 2023 to a high of 12.21 in September 2024. The increase in inventory turnover from the low in December 2023 to the high in September 2024 suggests a more efficient management of inventory during this period.
It is important to note that inventory turnover ratios can vary across industries and should be compared with industry benchmarks to provide a more meaningful context. Additionally, further analysis should be conducted to understand the factors driving the changes in inventory turnover over the periods in question.
Peer comparison
Sep 30, 2024
Sep 30, 2024
See also:
Johnson Controls International PLC Inventory Turnover (Quarterly Data)