Johnson Controls International PLC (JCI)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 42,287,000 | 43,069,000 | 48,489,000 |
| Total asset turnover | 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 | 0.69 | 0.73 | 0.68 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $26,831,000K ÷ $43,981,000K
= 0.61
The total asset turnover ratio of Johnson Controls International plc has fluctuated between 0.57 and 0.63 over the past eight quarters. The ratio indicates the company's ability to generate sales from its total assets.
A lower ratio suggests that the company is not efficiently utilizing its assets to generate sales revenue, while a higher ratio implies better asset utilization. In this case, the company's total asset turnover has remained relatively stable, with the ratio typically ranging between 0.60 and 0.63.
Although the ratios indicate that Johnson Controls International plc is moderately efficient in generating sales from its total assets, a consistent improvement in this ratio would be favorable to demonstrate enhanced asset utilization and revenue generation.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Total Asset Turnover (Quarterly Data)