Johnson Controls International PLC (JCI)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,077,000 | 7,804,000 | 8,343,000 | 8,059,000 | 7,411,000 |
| Revenue | US$ in thousands | 22,947,000 | 26,703,000 | 25,213,000 | 23,883,000 | 22,321,000 |
| Gross profit margin | 35.20% | 29.23% | 33.09% | 33.74% | 33.20% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,077,000K ÷ $22,947,000K
= 35.20%
Johnson Controls International PLC's gross profit margin has shown variability over the past five years. In Sep 30, 2024, the gross profit margin reached 35.20%, representing a significant improvement compared to the previous year's figure of 29.23%. This increase indicates that the company was able to generate a higher margin of profit from its sales in 2024.
However, when comparing the gross profit margin of Sep 30, 2024, to that of Sep 30, 2022 and Sep 30, 2021, there appears to be a downward trend, as the margin was higher in those years at 33.09% and 33.74% respectively. It is worth noting that although there was a fluctuation in the gross profit margin over the years, the company has managed to maintain the margin above 30% consistently, which is generally considered a healthy level.
The improved gross profit margin in 2024 could be a result of various factors such as cost control measures, pricing strategies, or operational efficiencies. Investors and stakeholders may view this increase positively, as it indicates improved profitability and potential strength in the company's operations. Monitoring the trend of Johnson Controls International PLC's gross profit margin over time can provide valuable insights into the company's financial performance and competitiveness in the industry.
Peer comparison
Sep 30, 2024