Johnson Controls International PLC (JCI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 694,000 | 697,000 | -134,000 | 1,294,000 | 1,097,000 | 1,871,000 | 1,566,000 | 1,438,000 | 1,744,000 | 1,937,000 | 2,180,000 | 2,660,000 | 2,724,000 | 2,443,000 | 1,581,000 | 1,264,000 | 979,000 | 500,000 | 5,137,000 | 5,508,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 16,098,000 | 15,968,000 | 15,658,000 | 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 |
| Return on total capital | 4.31% | 4.36% | -0.86% | 7.75% | 6.63% | 11.46% | 9.86% | 8.96% | 10.72% | 12.12% | 13.18% | 15.42% | 15.51% | 13.69% | 8.93% | 7.16% | 5.61% | 2.81% | 28.41% | 28.50% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $694,000K ÷ ($—K + $16,098,000K)
= 4.31%
Johnson Controls International PLC's return on total capital has shown fluctuations over the past 20 quarters. The company's return on total capital ranged from a low of -0.86% in March 2024 to a high of 28.50% in June 2020, indicating significant variability in performance.
In recent quarters, the return on total capital has generally been above 5%, with some quarters showing double-digit returns. This suggests that the company has been able to effectively generate returns on the capital invested in its operations. However, the downward trend in the most recent quarters raises some concerns about the company's ability to sustain its profitability.
Overall, Johnson Controls International PLC's return on total capital performance reflects a mix of positive and negative trends, highlighting the importance of closely monitoring the company's operational and financial strategies to ensure sustainable and consistent returns for its investors.
Peer comparison
Sep 30, 2024