Johnson Controls International PLC (JCI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,381,000 | 1,159,000 | 1,443,000 | 1,066,000 | 705,000 | 890,000 | 1,163,000 | 1,391,500 | 1,832,000 | 1,879,500 | 1,627,500 | 762,000 | 437,500 | 220,000 | -323,000 | 354,000 | 513,000 | 601,000 | 1,440,000 | 1,857,000 |
| 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 |
| Operating ROA | 3.14% | 2.74% | 3.37% | 2.46% | 1.65% | 2.11% | 2.75% | 3.24% | 4.34% | 4.49% | 3.86% | 1.85% | 1.06% | 0.54% | -0.78% | 0.88% | 1.21% | 1.42% | 3.34% | 3.83% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,381,000K ÷ $43,981,000K
= 3.14%
The operating return on assets (operating ROA) for Johnson Controls International plc has shown fluctuation over the last eight quarters. The operating ROA measures the efficiency of the company in generating operating profits from its assets.
The trend of operating ROA shows an increase from 5.60% in Dec 2022 to 6.60% in Sep 2023, indicating improved operational efficiency in generating profits from its assets during this period. However, the operating ROA slightly decreased to 6.25% in Dec 2023.
The average operating ROA over the eight quarters is approximately 6.03%, suggesting that, on average, the company is generating an operating profit of 6.03% for every dollar of assets it owns.
This fluctuation in operating ROA may be indicative of changes in the company's operational performance and efficiency in utilizing its assets to generate profits. Further analysis of the company's operational and financial performance is necessary to understand the drivers behind these fluctuations and to assess the sustainability of the operating ROA levels.
Peer comparison
Dec 31, 2023