Johnson Controls International PLC (JCI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,705,000 | 1,621,000 | 1,695,000 | 2,105,000 | 1,849,000 | 2,061,000 | 1,391,000 | 1,269,000 | 1,532,000 | 1,040,000 | 1,235,000 | 1,567,000 | 1,637,000 | 1,809,000 | 1,053,000 | 923,000 | 631,000 | 802,000 | 5,176,000 | 5,478,000 |
| 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 |
| ROA | 3.99% | 3.74% | 3.90% | 4.79% | 4.38% | 4.82% | 3.20% | 2.97% | 3.63% | 2.46% | 2.87% | 3.71% | 3.91% | 4.29% | 2.56% | 2.23% | 1.55% | 1.94% | 12.81% | 12.89% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,705,000K ÷ $42,695,000K
= 3.99%
Johnson Controls International PLC's return on assets (ROA) has shown fluctuations over the periods analyzed. The ROA ranged from a low of 1.55% in the first quarter of 2020 to a high of 12.89% in the second quarter of 2020, indicating significant variability in the company's ability to generate profits relative to its assets during these periods.
The average ROA over the entire period is 4.12%, which suggests that, on average, the company generates approximately $0.04 in profit for every dollar of assets it holds. This indicates a moderate level of efficiency in asset utilization.
It is important to note the dip in ROA in early 2023, where it reached a low of 2.56%, suggesting a temporary decline in profitability relative to the company's asset base during that period. However, the ROA gradually improved over subsequent quarters, reaching 4.79% by the end of 2023.
The significant spike in ROA observed in the second and third quarters of 2020, with values of 12.81% and 12.89% respectively, may indicate exceptional performance or one-off factors influencing profitability during those periods. Further analysis would be required to determine the specific drivers behind these unusually high ROA figures.
Overall, while Johnson Controls International PLC's ROA has fluctuated over the periods analyzed, the company has generally demonstrated a consistent ability to generate profits relative to its asset base, with some periods of stronger performance than others.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Return on Assets (ROA) (Quarterly Data)