Johnson Controls International PLC (JCI)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,947,000 | 26,703,000 | 25,213,000 | 23,883,000 | 22,321,000 |
| Receivables | US$ in thousands | 6,156,000 | 6,077,000 | 5,791,000 | 5,811,000 | 5,599,000 |
| Receivables turnover | 3.73 | 4.39 | 4.35 | 4.11 | 3.99 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,947,000K ÷ $6,156,000K
= 3.73
The receivables turnover for Johnson Controls International PLC has shown a fluctuating trend over the past five years. In 2024, the receivables turnover ratio decreased to 3.73 from the previous year's ratio of 4.39 in 2023. This reduction could indicate that the company took longer to collect its accounts receivable compared to the previous year.
Comparing the most recent ratio to the ratios of the preceding years, it is evident that the receivables turnover was higher in 2023 and 2022 at 4.39 and 4.35, respectively. This suggests that the company was more efficient in collecting its receivables during those years compared to 2024.
However, the receivables turnover ratio in 2024 was still higher than the ratios in 2021 and 2020, indicating some improvement in receivables management efficiency during the most recent year.
Overall, the fluctuating trend in Johnson Controls International PLC's receivables turnover ratio indicates varying levels of effectiveness in managing its accounts receivable and collecting outstanding payments from customers over the past five years.
Peer comparison
Sep 30, 2024