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.
See also:
Johnson Controls International PLC Inventory Turnover (Quarterly Data)