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.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Johnson Controls International plc, adjusted financial ratios

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Activity Ratio
Total Asset Turnover
Reported 0.63 0.60 0.57 0.55 0.57 0.64
Adjusted 0.66 0.62 0.58 0.56 0.56 0.65
Liquidity Ratio
Current Ratio
Reported 0.97 1.04 1.10 1.22 1.37 1.05
Adjusted 1.21 1.25 1.37 1.53 1.68 1.25
Solvency Ratios
Debt to Equity
Reported 0.53 0.55 0.44 0.45 0.37 0.52
Adjusted 0.55 0.54 0.45 0.46 0.37 0.52
Debt to Capital
Reported 0.35 0.36 0.31 0.31 0.27 0.34
Adjusted 0.35 0.35 0.31 0.31 0.27 0.34
Financial Leverage
Reported 2.55 2.59 2.39 2.34 2.14 2.31
Adjusted 2.17 2.19 2.03 2.03 1.90 2.07
Profitability Ratios
Net Profit Margin
Reported 6.90% 6.06% 6.92% 2.83% 23.67% 6.89%
Adjusted 5.63% 3.63% 9.47% 1.33% 6.21% 3.95%
Return on Equity (ROE)
Reported 11.18% 9.42% 9.32% 3.62% 28.71% 10.22%
Adjusted 8.09% 4.90% 11.14% 1.50% 6.60% 5.29%
Return on Assets (ROA)
Reported 4.38% 3.63% 3.91% 1.55% 13.42% 4.43%
Adjusted 3.72% 2.24% 5.48% 0.74% 3.47% 2.56%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Johnson Controls International plc adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Johnson Controls International plc adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Johnson Controls International plc adjusted debt-to-equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Johnson Controls International plc adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Johnson Controls International plc adjusted financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Johnson Controls International plc adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Johnson Controls International plc adjusted ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Johnson Controls International plc adjusted ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

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

Adjusted Total Asset Turnover

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Reported
Selected Financial Data (US$ in millions)
Net sales 26,793 25,299 23,668 22,317 23,968 31,400
Total assets 42,242 42,158 41,890 40,815 42,287 48,797
Activity Ratio
Total asset turnover1 0.63 0.60 0.57 0.55 0.57 0.64
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net sales2 26,985 25,430 23,870 22,345 24,049 31,447
Adjusted total assets3 40,833 41,276 41,245 40,126 42,993 48,479
Activity Ratio
Adjusted total asset turnover4 0.66 0.62 0.58 0.56 0.56 0.65

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).

1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 26,793 ÷ 42,242 = 0.63

2 Adjusted net sales. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted total asset turnover = Adjusted net sales ÷ Adjusted total assets
= 26,985 ÷ 40,833 = 0.66

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Johnson Controls International plc adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Current Ratio

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Reported
Selected Financial Data (US$ in millions)
Current assets 10,737 11,685 9,998 10,053 12,393 11,823
Current liabilities 11,084 11,239 9,098 8,248 9,070 11,250
Liquidity Ratio
Current ratio1 0.97 1.04 1.10 1.22 1.37 1.05
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 10,827 11,747 10,108 10,226 12,566 12,000
Adjusted current liabilities3 8,983 9,389 7,359 6,669 7,468 9,597
Liquidity Ratio
Adjusted current ratio4 1.21 1.25 1.37 1.53 1.68 1.25

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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,737 ÷ 11,084 = 0.97

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 10,827 ÷ 8,983 = 1.21

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Johnson Controls International plc adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 8,848 8,960 7,740 7,819 7,219 10,995
Shareholders’ equity attributable to Johnson Controls 16,545 16,268 17,562 17,447 19,766 21,164
Solvency Ratio
Debt to equity1 0.53 0.55 0.44 0.45 0.37 0.52
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,252 10,227 9,114 9,026 8,304 12,091
Adjusted total equity3 18,797 18,870 20,290 19,808 22,640 23,460
Solvency Ratio
Adjusted debt to equity4 0.55 0.54 0.45 0.46 0.37 0.52

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).

1 2023 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity attributable to Johnson Controls
= 8,848 ÷ 16,545 = 0.53

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 10,252 ÷ 18,797 = 0.55

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Johnson Controls International plc adjusted debt-to-equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 8,848 8,960 7,740 7,819 7,219 10,995
Total capital 25,393 25,228 25,302 25,266 26,985 32,159
Solvency Ratio
Debt to capital1 0.35 0.36 0.31 0.31 0.27 0.34
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,252 10,227 9,114 9,026 8,304 12,091
Adjusted total capital3 29,049 29,097 29,404 28,834 30,944 35,551
Solvency Ratio
Adjusted debt to capital4 0.35 0.35 0.31 0.31 0.27 0.34

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).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,848 ÷ 25,393 = 0.35

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 10,252 ÷ 29,049 = 0.35

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Johnson Controls International plc adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
Reported
Selected Financial Data (US$ in millions)
Total assets 42,242 42,158 41,890 40,815 42,287 48,797
Shareholders’ equity attributable to Johnson Controls 16,545 16,268 17,562 17,447 19,766 21,164
Solvency Ratio
Financial leverage1 2.55 2.59 2.39 2.34 2.14 2.31
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 40,833 41,276 41,245 40,126 42,993 48,479
Adjusted total equity3 18,797 18,870 20,290 19,808 22,640 23,460
Solvency Ratio
Adjusted financial leverage4 2.17 2.19 2.03 2.03 1.90 2.07

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).

1 2023 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity attributable to Johnson Controls
= 42,242 ÷ 16,545 = 2.55

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 40,833 ÷ 18,797 = 2.17

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Johnson Controls International plc adjusted financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Adjusted Net Profit Margin

Microsoft Excel
Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018
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
Selected Financial Data (US$ in millions)
Adjusted net income2 1,520 924 2,261 298 1,494 1,242
Adjusted net sales3 26,985 25,430 23,870 22,345 24,049 31,447
Profitability Ratio
Adjusted net profit margin4 5.63% 3.63% 9.47% 1.33% 6.21% 3.95%

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).

1 2023 Calculation
Net profit margin = 100 × Net income attributable to Johnson Controls ÷ Net sales
= 100 × 1,849 ÷ 26,793 = 6.90%

2 Adjusted net income. See details »

3 Adjusted net sales. See details »

4 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted net sales
= 100 × 1,520 ÷ 26,985 = 5.63%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Johnson Controls International plc adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

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
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
Selected Financial Data (US$ in millions)
Adjusted net income2 1,520 924 2,261 298 1,494 1,242
Adjusted total equity3 18,797 18,870 20,290 19,808 22,640 23,460
Profitability Ratio
Adjusted ROE4 8.09% 4.90% 11.14% 1.50% 6.60% 5.29%

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).

1 2023 Calculation
ROE = 100 × Net income attributable to Johnson Controls ÷ Shareholders’ equity attributable to Johnson Controls
= 100 × 1,849 ÷ 16,545 = 11.18%

2 Adjusted net income. See details »

3 Adjusted total equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total equity
= 100 × 1,520 ÷ 18,797 = 8.09%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Johnson Controls International plc adjusted ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

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
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
Selected Financial Data (US$ in millions)
Adjusted net income2 1,520 924 2,261 298 1,494 1,242
Adjusted total assets3 40,833 41,276 41,245 40,126 42,993 48,479
Profitability Ratio
Adjusted ROA4 3.72% 2.24% 5.48% 0.74% 3.47% 2.56%

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).

1 2023 Calculation
ROA = 100 × Net income attributable to Johnson Controls ÷ Total assets
= 100 × 1,849 ÷ 42,242 = 4.38%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 1,520 ÷ 40,833 = 3.72%

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