Common-Size Balance Sheet: Assets
Quarterly Data
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- Selected Financial Data since 2005
- Current Ratio since 2005
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- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Johnson Controls International plc, common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets fluctuated notably over the periods. It was quite low and stable around 0.4-1.1% in 2017 and early 2018, then exhibited a spike reaching 8.56% in mid-2019 before declining and stabilizing around 2-4% through 2020-2023. Recent quarters show a downward trend back toward the lower end of the historical range.
- Accounts receivable, less allowance for expected credit losses
- This item generally maintained a consistent share of total assets, mostly ranging between 11% and 15%. A slight dip below 12% occurred in late 2018 and early 2019, but values recovered thereafter, peaking over 15% in some of the latest quarters, indicating modest growth in accounts receivable relative to total assets.
- Inventories
- Inventory levels as a percentage of total assets showed a downward trend from late 2017 into 2018, reaching around 4.2%. Subsequently, inventories gradually increased, approaching 7% of total assets by mid-2023 and slightly declining in the most recent quarter. This suggests a rebuilding or accumulation of inventory over time after a prior reduction.
- Current assets held for sale
- This category exhibited irregular presence across periods. A notable peak of over 6% occurred at the end of 2018 and early 2019, with minor values intermittently before and after. A small resurgence occurred around early 2022, but this item has not been consistently significant across the timeline.
- Other current assets
- Other current assets remained relatively stable around 2.4% to 3.5% of total assets throughout the periods, without any marked upward or downward trend. Fluctuations appear minor and within a narrow range.
- Current assets
- The aggregate of current assets as a percentage of total assets remained generally stable in the mid-20s (24-30%), with some peaks in 2019 (above 30%) and a slight increase around early 2023. No strong upward or downward trend is apparent, pointing to consistent management of current asset proportions over time.
- Property, plant and equipment, net
- Property, plant, and equipment showed a marked decrease from about 12% in 2017-2018 to around 7% in subsequent years, and generally stabilized within 7-8% for most of the period thereafter. This decline early on reflects significant asset revaluation, disposals, or divestiture, followed by relative stability.
- Goodwill
- Goodwill consistently comprised a large portion of total assets, hovering mostly around 40-44%. It increased gradually from about 39.6% in late 2017 to a peak of nearly 44.7% at the end of 2019 and tended to decline gradually afterward, reaching around 41% by the latest periods. This indicates stable but slightly declining intangible asset weight over time.
- Other intangible assets, net
- Other intangible assets as a percentage of total assets decreased moderately over the timeline from around 13.4% in 2017 to roughly 10.8% in the most recent period, showing a slow but steady decline in the relative weight of intangible assets aside from goodwill.
- Investments in partially-owned affiliates
- This component maintained a stable presence between 1.8% and 2.7% over the entire period, indicating little change in the company’s stake or valuation in partially owned entities within total assets.
- Noncurrent assets held for sale
- The data for noncurrent assets held for sale is sporadic and features a notable elevated value (around 10-11%) during late 2018 and early 2019, likely due to divestiture activity concentrated in that timeframe. Apart from this spike, the values were minimal or absent, with slight increases again recorded in early 2022.
- Other noncurrent assets
- Other noncurrent assets experienced a decline from 7.3% in late 2017 to a low of under 4.0% in 2018 but then steadily increased, reaching over 11% by early 2024. This reflects accumulation or reclassification of other noncurrent assets, suggesting expanding resource allocation into diverse noncurrent asset categories.
- Noncurrent assets
- The total of noncurrent assets as a proportion of total assets showed relative steadiness between roughly 70% and 76% across the entire period, with minor fluctuations. A slight decrease can be noted transitioning between late 2017 and early 2019, but overall the noncurrent asset base remains the dominant component of total assets.
- Total assets
- Expressed as 100% consistently across all periods, serving as a baseline for the relative proportions of other asset classes.