Johnson Controls International PLC (JCI)
Working capital 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 current assets | US$ in thousands | 11,179,000 | 12,153,000 | 11,877,000 | 12,054,000 | 10,737,000 | 12,006,000 | 12,756,000 | 11,837,000 | 11,685,000 | 11,559,000 | 11,612,000 | 10,353,000 | 9,998,000 | 10,310,000 | 10,204,000 | 10,034,000 | 10,053,000 | 11,140,000 | 9,955,000 | 11,320,000 |
| Total current liabilities | US$ in thousands | 11,955,000 | 12,724,000 | 13,599,000 | 12,409,000 | 11,084,000 | 11,128,000 | 12,403,000 | 11,563,000 | 11,239,000 | 11,883,000 | 11,654,000 | 9,987,000 | 9,098,000 | 9,285,000 | 8,740,000 | 8,486,000 | 8,248,000 | 10,304,000 | 9,509,000 | 9,692,000 |
| Working capital turnover | — | — | — | — | — | 29.94 | 73.35 | 92.51 | 56.53 | — | — | 66.83 | 26.45 | 22.71 | 15.25 | 14.21 | 12.37 | 27.05 | 52.93 | 14.73 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $22,946,000K ÷ ($11,179,000K – $11,955,000K)
= —
The working capital turnover ratio for Johnson Controls International PLC has shown fluctuations over the past few quarters, indicating varying efficiency levels in managing its working capital.
The ratio was not available for some quarters, suggesting potential data unavailability or irregular recording. In the quarters where data is available, we see a significant increase in the ratio from March 2023 to December 2023, indicating an improvement in the company's ability to generate revenue from its working capital during this period.
Subsequently, there was a slight decrease in the working capital turnover ratio in March 2024, followed by data unavailability in the next two quarters. This may suggest some challenges or changes in the company's working capital management practices during this time.
Overall, the working capital turnover ratio for Johnson Controls International PLC has exhibited variability, reflecting potential shifts in operational efficiency and effectiveness in utilizing its working capital to support revenue generation. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's performance in this area.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Working Capital Turnover (Quarterly Data)