Johnson Controls International PLC (JCI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 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 | 5,776,000 | 6,481,000 | 2,859,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 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% | 29.22% | 31.83% | 14.27% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,294,000K ÷ ($—K + $16,698,000K)
= 7.75%
Johnson Controls International plc's return on total capital has shown some variability over the past eight quarters. The metric ranged from 10.21% to 12.03%, with the highest return achieved in the September 2023 quarter. This variability suggests that the company's efficiency in generating returns from its total capital has fluctuated over the period. The average return on total capital over the period is 11.05%, indicating that the company has generally been able to generate positive returns relative to its total capital employed. However, further analysis would be required to determine the factors driving these fluctuations and to assess the company's performance in utilizing its total capital efficiently.
Peer comparison
Dec 31, 2023