Johnson Controls International PLC (JCI)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,946,000 | 27,224,000 | 26,966,000 | 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 |
| Total assets | US$ in thousands | 42,695,000 | 43,325,000 | 43,457,000 | 43,981,000 | 42,242,000 | 42,780,000 | 43,420,000 | 42,797,000 | 42,158,000 | 42,324,000 | 42,991,000 | 42,222,000 | 41,890,000 | 42,135,000 | 41,180,000 | 41,424,000 | 40,815,000 | 41,278,000 | 40,402,000 | 42,513,000 |
| Total asset turnover | 0.54 | 0.63 | 0.62 | 0.61 | 0.64 | 0.61 | 0.60 | 0.59 | 0.60 | 0.59 | 0.58 | 0.58 | 0.57 | 0.55 | 0.54 | 0.53 | 0.55 | 0.55 | 0.58 | 0.56 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,946,000K ÷ $42,695,000K
= 0.54
Total asset turnover measures how efficiently a company generates sales from its assets. Johnson Controls International PLC's total asset turnover has shown some fluctuations over the past several quarters, ranging from 0.53 to 0.64.
Overall, the trend appears to be relatively stable around the 0.6 mark, with minor fluctuations. A total asset turnover of 0.6 implies that for every dollar of assets the company holds, it generates approximately $0.60 in sales.
While the company's total asset turnover has not shown significant improvement or deterioration, it indicates that Johnson Controls International PLC is effectively utilizing its assets to generate revenue. A consistent ratio over time can suggest a stable operational efficiency in converting assets into sales.
It would be beneficial for stakeholders to monitor this ratio over time to ensure that the company continues to efficiently utilize its assets to drive revenue growth.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Total Asset Turnover (Quarterly Data)