Johnson Controls International PLC (JCI)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,849,000 | 1,532,000 | 1,637,000 | 631,000 | 5,674,000 |
| Total assets | US$ in thousands | 42,242,000 | 42,158,000 | 41,890,000 | 40,815,000 | 42,287,000 |
| ROA | 4.38% | 3.63% | 3.91% | 1.55% | 13.42% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $1,849,000K ÷ $42,242,000K
= 4.38%
Based on the provided data, Johnson Controls International plc's return on assets (ROA) has fluctuated over the past five years. In 2023, the company's ROA stood at 4.38%, representing an improvement from the previous year's 3.63%. This indicates that the company generated approximately 4.38 cents of profit for every dollar of assets in the most recent fiscal year. Compared to 2020, where the ROA was 1.55%, the significant increase in 2023 suggests the company has effectively utilized its assets to generate income. However, it is important to note that the ROA was significantly higher in 2019, at 13.42%, indicating a marked decline in asset efficiency over the past few years. Overall, Johnson Controls International plc's ROA trend demonstrates variability, with the most recent year showing a positive improvement in asset utilization and profitability.
Peer comparison
Sep 30, 2023