Johnson Controls International PLC (JCI)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,705,000 | 1,849,000 | 1,532,000 | 1,637,000 | 631,000 |
| Total assets | US$ in thousands | 42,695,000 | 42,242,000 | 42,158,000 | 41,890,000 | 40,815,000 |
| ROA | 3.99% | 4.38% | 3.63% | 3.91% | 1.55% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,705,000K ÷ $42,695,000K
= 3.99%
Johnson Controls International PLC's return on assets (ROA) has exhibited some fluctuations over the past five years. In the most recent fiscal year ending September 30, 2024, the company's ROA stood at 3.99%, reflecting a decrease from the previous year's 4.38%. Despite this slight decline, the ROA remains relatively healthy, indicating that the company is generating approximately $0.04 in net income for every dollar of assets held.
Looking back over the five-year period, Johnson Controls' ROA has shown variability, with the highest ROA of 4.38% achieved in FY 2023 and the lowest being 1.55% in FY 2020. The company experienced a notable improvement in ROA from FY 2020 to FY 2021, indicating a significant enhancement in asset utilization or profitability during that period.
Overall, Johnson Controls International PLC's ROA performance suggests that the company has been fairly effective in generating profits relative to its asset base, although there have been some fluctuations in efficiency over the years. It would be advisable to delve deeper into the underlying factors driving these changes to better understand the company's financial health and performance.
Peer comparison
Sep 30, 2024