Johnson Controls International PLC (JCI)
Total asset 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 |
| Total assets | US$ in thousands | 42,695,000 | 42,242,000 | 42,158,000 | 41,890,000 | 40,815,000 |
| Total asset turnover | 0.54 | 0.63 | 0.60 | 0.57 | 0.55 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,947,000K ÷ $42,695,000K
= 0.54
Johnson Controls International PLC's total asset turnover ratio has shown a slight fluctuation over the past five years. The ratio decreased from 0.55 in 2020 to 0.54 in 2024, with a dip in 2021 followed by a slight increase in 2023.
A total asset turnover ratio of 0.54 in 2024 implies that for every dollar of total assets, the company generated $0.54 in sales revenue. This indicates that Johnson Controls International PLC is slightly less efficient in utilizing its assets to generate revenue compared to the previous years.
A trend of declining total asset turnover may suggest inefficiencies in utilizing assets effectively to drive sales. It could indicate issues such as excess inventory, underutilized assets, or ineffective management of assets.
Further investigation into the company's operations and management practices may be warranted to optimize asset utilization and improve overall efficiency.
Peer comparison
Sep 30, 2024