Analysis of Geographic Areas
Johnson Controls International plc operates in 4 regions: United States; Europe; Asia Pacific; and Other Non-U.S..
Area Asset Turnover
Johnson Controls International plc, asset turnover by geographic area
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 8.78 | 8.18 | 7.07 | 6.64 | 6.56 | 4.55 |
| Europe | 9.50 | 10.16 | 9.33 | 12.67 | 14.16 | 7.73 |
| Asia Pacific | 8.90 | 8.83 | 7.91 | 7.92 | 6.80 | 4.17 |
| Other Non-U.S. | 5.81 | 6.13 | 5.33 | 5.33 | 6.07 | 5.55 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Europe | Europe area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other Non-U.S. | Other Non-U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: United States
Johnson Controls International plc; United States; area asset turnover calculation
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 13,989) | 12,864) | 11,577) | 11,371) | 11,973) | 14,625) |
| Long-lived assets | 1,594) | 1,573) | 1,638) | 1,713) | 1,824) | 3,216) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 8.78 | 8.18 | 7.07 | 6.64 | 6.56 | 4.55 |
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
Area asset turnover = Net sales ÷ Long-lived assets
= 13,989 ÷ 1,594 = 8.78
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Europe
Johnson Controls International plc; Europe; area asset turnover calculation
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 4,882) | 4,186) | 4,069) | 3,523) | 3,697) | 6,105) |
| Long-lived assets | 514) | 412) | 436) | 278) | 261) | 790) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 9.50 | 10.16 | 9.33 | 12.67 | 14.16 | 7.73 |
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
Area asset turnover = Net sales ÷ Long-lived assets
= 4,882 ÷ 514 = 9.50
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Asia Pacific
Johnson Controls International plc; Asia Pacific; area asset turnover calculation
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 5,610) | 5,791) | 5,748) | 5,285) | 5,888) | 4,069) |
| Long-lived assets | 630) | 656) | 727) | 667) | 866) | 975) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 8.90 | 8.83 | 7.91 | 7.92 | 6.80 | 4.17 |
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
Area asset turnover = Net sales ÷ Long-lived assets
= 5,610 ÷ 630 = 8.90
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other Non-U.S.
Johnson Controls International plc; Other Non-U.S.; area asset turnover calculation
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 2,312) | 2,458) | 2,274) | 2,138) | 2,410) | 6,601) |
| Long-lived assets | 398) | 401) | 427) | 401) | 397) | 1,190) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 5.81 | 6.13 | 5.33 | 5.33 | 6.07 | 5.55 |
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
Area asset turnover = Net sales ÷ Long-lived assets
= 2,312 ÷ 398 = 5.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other Non-U.S. | Other Non-U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net sales
Johnson Controls International plc, net sales by geographic area
US$ in millions
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 13,989) | 12,864) | 11,577) | 11,371) | 11,973) | 14,625) |
| Europe | 4,882) | 4,186) | 4,069) | 3,523) | 3,697) | 6,105) |
| Asia Pacific | 5,610) | 5,791) | 5,748) | 5,285) | 5,888) | 4,069) |
| Other Non-U.S. | 2,312) | 2,458) | 2,274) | 2,138) | 2,410) | 6,601) |
| Total | 26,793) | 25,299) | 23,668) | 22,317) | 23,968) | 31,400) |
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).
Long-lived assets
Johnson Controls International plc, long-lived assets by geographic area
US$ in millions
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| United States | 1,594) | 1,573) | 1,638) | 1,713) | 1,824) | 3,216) |
| Europe | 514) | 412) | 436) | 278) | 261) | 790) |
| Asia Pacific | 630) | 656) | 727) | 667) | 866) | 975) |
| Other Non-U.S. | 398) | 401) | 427) | 401) | 397) | 1,190) |
| Total | 3,136) | 3,042) | 3,228) | 3,059) | 3,348) | 6,171) |
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).