Performance Food Group Co (PFGC)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 826,400 | 765,800 | 327,400 | 200,700 | -99,000 |
| Total assets | US$ in thousands | 13,392,900 | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 |
| Operating ROA | 6.17% | 6.13% | 2.65% | 2.56% | -1.28% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $826,400K ÷ $13,392,900K
= 6.17%
Performance Food Group Co's operating return on assets (Operating ROA) has shown a positive trend over the past five years, indicating improving efficiency in generating operating profits relative to its asset base. The operating ROA was negative at -1.28% as of June 30, 2020, suggesting a period of operational challenges or inefficiencies. However, the company's performance improved significantly in the following years, with the operating ROA increasing to 2.56% as of June 30, 2021 and further to 2.65% as of June 30, 2022.
The most notable improvement in operating ROA occurred in the most recent years, reaching 6.13% as of June 30, 2023, and 6.17% as of June 30, 2024. This substantial growth in operating ROA reflects the company's ability to enhance operational efficiency, increase profitability, or better utilize its asset base to generate profits.
Overall, the positive trend in Performance Food Group Co's operating ROA suggests that the company has been effectively managing its assets to drive operating income and create value for its stakeholders. This improvement may indicate strong operational performance and strategic decision-making by the company's management team. However, further analysis and comparison with industry peers are recommended to gain a more comprehensive understanding of the company's operational efficiency and profitability.
Peer comparison
Jun 30, 2024