Johnson Controls International PLC (JCI)
Receivables 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 |
| Receivables | US$ in thousands | 6,051,000 | 6,077,000 | 6,550,000 | 6,012,000 | 5,732,000 | 5,791,000 | 5,919,000 | 5,757,000 | 5,734,000 | 5,811,000 | 5,746,000 | 5,234,000 | 5,233,000 | 5,599,000 | 5,399,000 | 5,534,000 | 5,646,000 | 6,878,000 | 6,094,000 | 5,761,000 |
| Receivables turnover | 4.43 | 4.42 | 4.01 | 4.31 | 4.42 | 4.35 | 4.24 | 4.31 | 4.27 | 4.10 | 4.05 | 4.27 | 4.20 | 3.99 | 4.19 | 4.27 | 4.25 | 4.25 | 5.13 | 5.71 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $26,831,000K ÷ $6,051,000K
= 4.43
The receivables turnover ratio for Johnson Controls International plc fluctuated over the past eight quarters, with values ranging between 4.07 and 4.58. This ratio measures the efficiency of the company in collecting outstanding receivables from its customers. A higher turnover ratio indicates that the company is collecting receivables more frequently during the year, which is indicative of a more efficient credit and collection process.
The downward trend in the receivables turnover from 4.58 in Q3 2022 to 4.07 in Q2 2023 followed by a subsequent increase to 4.44 in Q4 2023 may suggest fluctuations in the company's collection efforts or changes in the credit terms offered to customers. It would be important to further investigate the reasons behind these fluctuations to determine their impact on the company's cash flow and overall financial health.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Receivables Turnover (Quarterly Data)