Johnson Controls International PLC (JCI)
Return on equity (ROE)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 5,674,000 | 5,833,000 | 2,364,000 |
| Total stockholders’ equity | US$ in thousands | 16,698,000 | 16,545,000 | 16,324,000 | 15,890,000 | 16,046,000 | 16,268,000 | 15,988,000 | 16,536,000 | 17,249,000 | 17,562,000 | 17,840,000 | 17,698,000 | 17,656,000 | 17,447,000 | 17,805,000 | 18,084,000 | 19,329,000 | 19,766,000 | 20,363,000 | 20,036,000 |
| ROE | 12.61% | 11.18% | 12.63% | 8.75% | 7.91% | 9.42% | 6.50% | 7.47% | 9.08% | 9.32% | 10.14% | 5.95% | 5.23% | 3.62% | 4.50% | 28.62% | 28.34% | 28.71% | 28.65% | 11.80% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,105,000K ÷ $16,698,000K
= 12.61%
Johnson Controls International plc's return on equity (ROE) has shown variability over the past eight quarters. ROE increased from 7.47% in March 2022 to 12.63% in June 2023, indicating improved efficiency in generating profits from shareholders' equity. However, there was a slight decrease to 11.18% in September 2023 before rising again to 12.61% in December 2023.
The company's ROE demonstrates its ability to utilize shareholders' equity to generate profits, with the highest ROE observed in June 2023. It is important to further analyze the factors influencing these fluctuations to gain insights into the company's performance and potential for future profitability.
Peer comparison
Dec 31, 2023
See also:
Johnson Controls International PLC Return on Equity (ROE) (Quarterly Data)