Johnson Controls International PLC (JCI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 16,545,000 | 16,268,000 | 17,562,000 | 17,447,000 | 19,766,000 |
| ROE | 11.18% | 9.42% | 9.32% | 3.62% | 28.71% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,849,000K ÷ $16,545,000K
= 11.18%
The return on equity (ROE) of Johnson Controls International plc has varied over the past five years. In Sep 30, 2023, the ROE was 11.18%, indicating an increase from the previous year's 9.42% and 2021's 9.32%. This improvement suggests that the company has been able to generate more profit from its shareholders' equity. However, it is important to note that in Sep 30, 2023, the ROE is still lower than the 28.71% recorded in Sep 30, 2019. This significant decline from 2019 to 2020, followed by a gradual recovery, might signify fluctuations in the company's profitability and efficiency in utilizing its equity. Further analysis of the company's financial performance and management of shareholder equity can provide more insight into these changes.
Peer comparison
Sep 30, 2023