Return on Assets (ROA)
since 2005
Calculation
Johnson Controls International plc, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Johnson Controls1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2023 | 4.38% | = | 100 | × | 1,849) | ÷ | 42,242) |
| Sep 30, 2022 | 3.63% | = | 100 | × | 1,532) | ÷ | 42,158) |
| Sep 30, 2021 | 3.91% | = | 100 | × | 1,637) | ÷ | 41,890) |
| Sep 30, 2020 | 1.55% | = | 100 | × | 631) | ÷ | 40,815) |
| Sep 30, 2019 | 13.42% | = | 100 | × | 5,674) | ÷ | 42,287) |
| Sep 30, 2018 | 4.43% | = | 100 | × | 2,162) | ÷ | 48,797) |
| Sep 30, 2017 | 3.11% | = | 100 | × | 1,611) | ÷ | 51,884) |
| Sep 30, 2016 | -1.37% | = | 100 | × | (868) | ÷ | 63,253) |
| Sep 30, 2015 | 5.27% | = | 100 | × | 1,563) | ÷ | 29,673) |
| Sep 30, 2014 | 3.70% | = | 100 | × | 1,215) | ÷ | 32,804) |
| Sep 30, 2013 | 3.74% | = | 100 | × | 1,178) | ÷ | 31,518) |
| Sep 30, 2012 | 3.97% | = | 100 | × | 1,226) | ÷ | 30,884) |
| Sep 30, 2011 | 5.47% | = | 100 | × | 1,624) | ÷ | 29,676) |
| Sep 30, 2010 | 5.79% | = | 100 | × | 1,491) | ÷ | 25,743) |
| Sep 30, 2009 | -1.40% | = | 100 | × | (338) | ÷ | 24,088) |
| Sep 30, 2008 | 3.92% | = | 100 | × | 979) | ÷ | 24,987) |
| Sep 30, 2007 | 5.19% | = | 100 | × | 1,252) | ÷ | 24,105) |
| Sep 30, 2006 | 4.69% | = | 100 | × | 1,028) | ÷ | 21,921) |
| Sep 30, 2005 | 5.63% | = | 100 | × | 909) | ÷ | 16,144) |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in millions
The Return on Assets (ROA) exhibits significant volatility over the analyzed eighteen-year period, characterized by intervals of moderate stability interrupted by sharp declines and a singular exceptional peak. The efficiency of asset utilization has fluctuated between a low of -1.40% and a high of 13.42%, reflecting varying levels of operational profitability and substantial shifts in the total asset base.
- Profitability Volatility and Losses
- Negative ROA was recorded in 2009 (-1.40%) and 2016 (-1.37%), directly corresponding with net losses of US$338 million and US$868 million, respectively. These periods represent the primary disruptions in earnings generation relative to the company's investment in assets.
- Asset Base Expansion and Contraction
- A steady growth trend in total assets was observed from 2005 (US$16.1 billion) through 2014 (US$32.8 billion). A substantial surge occurred in 2016, with assets peaking at US$63.3 billion, which coincided with a period of negative profitability. Subsequently, the asset base contracted and stabilized at approximately US$42.2 billion between 2020 and 2023.
- Exceptional Performance Anomaly
- The year 2019 stands as a significant outlier, with ROA reaching a peak of 13.42%. This spike was driven by a surge in net income to US$5.67 billion—the highest value in the dataset—occurring simultaneously with a reduction in the total asset base to US$42.3 billion.
- Recent Recovery and Stabilization
- Following a sharp decline to 1.55% in 2020, the ROA has demonstrated a gradual upward trajectory, rising to 3.91% in 2021 and 4.38% by 2023. This recent trend indicates a return to a performance range consistent with the historical averages observed between 2005 and 2015.
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Comparison to Competitors
Johnson Controls International plc, ROA, long-term trends, comparison to competitors
| Johnson Controls International plc | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Sep 30, 2023 | 4.38% | -1.62% | 11.81% | 8.37% | 5.81% | 9.20% | 13.19% | 1.97% |
| Sep 30, 2022 | 3.63% | -3.60% | 8.18% | 7.03% | 0.12% | 7.97% | 10.84% | 3.27% |
| Sep 30, 2021 | 3.91% | -3.03% | 7.84% | 6.30% | -3.28% | 8.60% | 12.41% | 2.39% |
| Sep 30, 2020 | 1.55% | -7.80% | 3.83% | 4.43% | 2.25% | 7.40% | 13.47% | -2.17% |
| Sep 30, 2019 | 13.42% | -0.48% | 7.77% | 6.74% | -1.87% | 10.47% | 13.11% | 3.96% |
| Sep 30, 2018 | 4.43% | 8.91% | 7.83% | 6.90% | -7.23% | 11.71% | 11.24% | 3.93% |
| Sep 30, 2017 | 3.11% | 8.88% | 0.98% | 9.15% | -1.53% | 2.79% | 4.30% | 4.70% |
| Sep 30, 2016 | -1.37% | 5.44% | -0.09% | 6.32% | 2.42% | 8.88% | 11.09% | 5.64% |
| Sep 30, 2015 | 5.27% | 5.48% | 2.68% | 6.38% | -1.24% | 9.67% | 7.34% | 8.70% |
| Sep 30, 2014 | 3.70% | 5.49% | 4.36% | 5.35% | 2.35% | 9.33% | 9.75% | 6.81% |
| Sep 30, 2013 | 3.74% | 4.95% | 4.46% | 5.24% | 1.99% | 8.64% | 8.24% | 6.31% |
| Sep 30, 2012 | 3.97% | 4.39% | 6.36% | 3.39% | 1.99% | 6.99% | 7.10% | 5.74% |
| Sep 30, 2011 | 5.47% | 5.02% | 6.05% | 7.55% | 1.97% | 5.19% | 7.00% | 8.10% |
| Sep 30, 2010 | 5.79% | 4.82% | 4.22% | 5.38% | 1.55% | 5.34% | 8.34% | 7.48% |
| Sep 30, 2009 | -1.40% | 2.11% | 1.49% | 2.35% | 1.41% | 5.98% | 8.61% | 6.87% |
| Sep 30, 2008 | 3.92% | 4.97% | 5.25% | 6.35% | 2.18% | 7.87% | 9.62% | 8.30% |
| Sep 30, 2007 | 5.19% | 6.91% | 6.31% | 7.40% | 2.79% | 7.23% | 10.49% | 7.74% |
| Sep 30, 2006 | 4.69% | 4.28% | 6.95% | 8.32% | 2.99% | 6.73% | 8.96% | 7.92% |
| Sep 30, 2005 | 5.63% | 4.28% | 6.06% | 7.88% | 2.43% | 5.12% | 6.58% | 6.68% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Capital Goods)
Johnson Controls International plc, ROA, long-term trends, comparison to sector (capital goods)
| Johnson Controls International plc | Capital Goods | |
|---|---|---|
| Sep 30, 2023 | 4.38% | 5.21% |
| Sep 30, 2022 | 3.63% | 2.84% |
| Sep 30, 2021 | 3.91% | 1.86% |
| Sep 30, 2020 | 1.55% | 0.80% |
| Sep 30, 2019 | 13.42% | 2.72% |
| Sep 30, 2018 | 4.43% | 1.74% |
| Sep 30, 2017 | 3.11% | 1.83% |
| Sep 30, 2016 | -1.37% | 4.09% |
| Sep 30, 2015 | 5.27% | 2.17% |
| Sep 30, 2014 | 3.70% | 3.87% |
| Sep 30, 2013 | 3.74% | 3.45% |
| Sep 30, 2012 | 3.97% | 3.30% |
| Sep 30, 2011 | 5.47% | 3.30% |
| Sep 30, 2010 | 5.79% | 2.70% |
| Sep 30, 2009 | -1.40% | 2.16% |
| Sep 30, 2008 | 3.92% | 3.33% |
| Sep 30, 2007 | 5.19% | 3.89% |
| Sep 30, 2006 | 4.69% | 3.91% |
| Sep 30, 2005 | 5.63% | 3.25% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Industrials)
Johnson Controls International plc, ROA, long-term trends, comparison to industry (industrials)
| Johnson Controls International plc | Industrials | |
|---|---|---|
| Sep 30, 2023 | 4.38% | 5.61% |
| Sep 30, 2022 | 3.63% | 3.31% |
| Sep 30, 2021 | 3.91% | 3.40% |
| Sep 30, 2020 | 1.55% | 0.04% |
| Sep 30, 2019 | 13.42% | 2.56% |
| Sep 30, 2018 | 4.43% | 3.16% |
| Sep 30, 2017 | 3.11% | 3.59% |
| Sep 30, 2016 | -1.37% | 4.55% |
| Sep 30, 2015 | 5.27% | 3.52% |
| Sep 30, 2014 | 3.70% | 4.31% |
| Sep 30, 2013 | 3.74% | 3.91% |
| Sep 30, 2012 | 3.97% | 3.38% |
| Sep 30, 2011 | 5.47% | 3.69% |
| Sep 30, 2010 | 5.79% | 3.03% |
| Sep 30, 2009 | -1.40% | 2.24% |
| Sep 30, 2008 | 3.92% | 3.10% |
| Sep 30, 2007 | 5.19% | 3.87% |
| Sep 30, 2006 | 4.69% | 6.41% |
| Sep 30, 2005 | 5.63% | 1.42% |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).