Johnson Controls International PLC (JCI)
Payables 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 |
| Payables | US$ in thousands | 3,389,000 | 4,128,000 | 4,019,000 | 3,976,000 | 3,498,000 | 4,296,000 | 4,348,000 | 4,138,000 | 4,368,000 | 4,125,000 | 4,101,000 | 4,083,000 | 3,746,000 | 3,719,000 | 3,417,000 | 3,210,000 | 3,120,000 | 3,057,000 | 3,119,000 | 3,336,000 |
| Payables turnover | 6.39 | 4.58 | 4.81 | 4.65 | 5.35 | 5.82 | 5.71 | 5.95 | 5.53 | 5.71 | 5.62 | 5.42 | 5.78 | 5.77 | 6.23 | 6.68 | 7.02 | 7.43 | 7.42 | 6.99 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $21,658,000K ÷ $3,389,000K
= 6.39
The payables turnover for Johnson Controls International PLC has shown some fluctuations over the past several quarters, ranging from a low of 4.58 to a high of 7.43. This metric indicates the company's ability to efficiently manage its accounts payable by measuring how many times within a given period the company pays off its suppliers.
A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which can imply good liquidity management and potentially strong supplier relationships. Conversely, a lower ratio may indicate that the company is taking longer to pay its suppliers, which could signal cash flow constraints or strained supplier relationships.
Overall, Johnson Controls' payables turnover ratio has generally been healthy and consistent, staying within a range of 4.58 to 7.43 over the past few years. This stability indicates that the company has been effectively managing its payables and relationships with suppliers. It would be advisable to monitor any significant deviations in the future to better understand the company's cash management practices and financial health.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Payables Turnover (Quarterly Data)