Stock Analysis on Net
Stock Analysis on Net

Johnson Controls International plc (NYSE:JCI)

This company has been moved to the archive! The financial data has not been updated since May 1, 2024.

Analysis of Investments

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Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Johnson Controls International plc, adjustment to net income attributable to Johnson Controls

US$ in millions

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12 months ended: Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Net income attributable to Johnson Controls (as reported) 1,849 1,532 1,637 631 5,674 2,162
Add: Realized and unrealized gains (losses) on marketable securities — — — — — 4
Net income attributable to Johnson Controls (adjusted) 1,849 1,532 1,637 631 5,674 2,166

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).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Johnson Controls International plc, adjusted profitability ratios

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Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Net Profit Margin
Reported net profit margin 6.90% 6.06% 6.92% 2.83% 23.67% 6.89%
Adjusted net profit margin 6.90% 6.06% 6.92% 2.83% 23.67% 6.90%
Return on Equity (ROE)
Reported ROE 11.18% 9.42% 9.32% 3.62% 28.71% 10.22%
Adjusted ROE 11.18% 9.42% 9.32% 3.62% 28.71% 10.23%
Return on Assets (ROA)
Reported ROA 4.38% 3.63% 3.91% 1.55% 13.42% 4.43%
Adjusted ROA 4.38% 3.63% 3.91% 1.55% 13.42% 4.44%

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).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Johnson Controls International plc adjusted net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Johnson Controls International plc adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Johnson Controls International plc adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Johnson Controls International plc, Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

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Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,162
Net sales 26,793 25,299 23,668 22,317 23,968 31,400
Profitability Ratio
Net profit margin1 6.90% 6.06% 6.92% 2.83% 23.67% 6.89%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,166
Net sales 26,793 25,299 23,668 22,317 23,968 31,400
Profitability Ratio
Adjusted net profit margin2 6.90% 6.06% 6.92% 2.83% 23.67% 6.90%

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).

2023 Calculations

1 Net profit margin = 100 × Net income attributable to Johnson Controls ÷ Net sales
= 100 × 1,849 ÷ 26,793 = 6.90%

2 Adjusted net profit margin = 100 × Adjusted net income attributable to Johnson Controls ÷ Net sales
= 100 × 1,849 ÷ 26,793 = 6.90%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. Johnson Controls International plc adjusted net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,162
Shareholders’ equity attributable to Johnson Controls 16,545 16,268 17,562 17,447 19,766 21,164
Profitability Ratio
ROE1 11.18% 9.42% 9.32% 3.62% 28.71% 10.22%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,166
Shareholders’ equity attributable to Johnson Controls 16,545 16,268 17,562 17,447 19,766 21,164
Profitability Ratio
Adjusted ROE2 11.18% 9.42% 9.32% 3.62% 28.71% 10.23%

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).

2023 Calculations

1 ROE = 100 × Net income attributable to Johnson Controls ÷ Shareholders’ equity attributable to Johnson Controls
= 100 × 1,849 ÷ 16,545 = 11.18%

2 Adjusted ROE = 100 × Adjusted net income attributable to Johnson Controls ÷ Shareholders’ equity attributable to Johnson Controls
= 100 × 1,849 ÷ 16,545 = 11.18%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Johnson Controls International plc adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Return on Assets (ROA)

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
As Reported
Selected Financial Data (US$ in millions)
Net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,162
Total assets 42,242 42,158 41,890 40,815 42,287 48,797
Profitability Ratio
ROA1 4.38% 3.63% 3.91% 1.55% 13.42% 4.43%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income attributable to Johnson Controls 1,849 1,532 1,637 631 5,674 2,166
Total assets 42,242 42,158 41,890 40,815 42,287 48,797
Profitability Ratio
Adjusted ROA2 4.38% 3.63% 3.91% 1.55% 13.42% 4.44%

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).

2023 Calculations

1 ROA = 100 × Net income attributable to Johnson Controls ÷ Total assets
= 100 × 1,849 ÷ 42,242 = 4.38%

2 Adjusted ROA = 100 × Adjusted net income attributable to Johnson Controls ÷ Total assets
= 100 × 1,849 ÷ 42,242 = 4.38%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Johnson Controls International plc adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.