Johnson Controls International PLC (JCI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 16,098,000 | 16,545,000 | 16,268,000 | 17,562,000 | 17,447,000 |
| ROE | 10.59% | 11.18% | 9.42% | 9.32% | 3.62% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,705,000K ÷ $16,098,000K
= 10.59%
From the provided data, Johnson Controls International PLC's return on equity (ROE) has been relatively stable over the past five years. The ROE for the current year, as of September 30, 2024, stands at 10.59%, which indicates that for every dollar of shareholders' equity, the company generated a profit of 10.59 cents.
Comparing this to the previous years, we see that the ROE was 11.18% in 2023, 9.42% in 2022, 9.32% in 2021, and 3.62% in 2020. Despite some fluctuations, the ROE has generally been within the single-digit range over the period analyzed.
This stable performance in ROE signifies that Johnson Controls International PLC has been effectively utilizing its equity to generate profits for its shareholders. However, to gain a more comprehensive understanding, it would be important to further investigate the underlying factors that have influenced the company's ROE over the years, such as profitability, asset utilization, leverage, and operational efficiency.
Peer comparison
Sep 30, 2024