Johnson Controls International PLC (JCI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 694,000 | 697,000 | -168,000 | 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 |
| 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 |
| Operating ROA | 1.63% | 1.61% | -0.39% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $694,000K ÷ $42,695,000K
= 1.63%
The operating return on assets (ROA) for Johnson Controls International PLC has varied over the past two years. The trend shows that the operating ROA experienced fluctuations throughout the given periods. For the most recent quarter, ending September 30, 2024, the operating ROA was 1.63%, showing a slight increase compared to the previous quarter at 1.61%.
It is important to note a significant decrease in the operating ROA in the quarter ending March 31, 2024, where it was negative at -0.39%. This indicates that the company's operating income generated from its assets was insufficient to cover the asset base during that particular period.
Looking back over the past eight quarters, the operating ROA has generally been positive, with the highest being 4.49% in December 31, 2021. This suggests that the company was effectively utilizing its assets to generate operating income during that period.
Overall, the varying operating ROA figures indicate fluctuations in the company's operational efficiency and profitability in utilizing its assets to generate income. Further analysis of the company's operational performance and strategy changes may be needed to understand the factors contributing to these fluctuations.
Peer comparison
Sep 30, 2024