Performance Food Group Co (PFGC)
Operating return on assets (Operating ROA)
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 765,800 | 327,400 | 200,700 | -99,000 | 283,300 |
| Total assets | US$ in thousands | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 | 4,653,500 |
| Operating ROA | 6.13% | 2.65% | 2.56% | -1.28% | 6.09% |
June 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $765,800K ÷ $12,499,000K
= 6.13%
Performance Food Group Co's operating return on assets (operating ROA) has shown a positive trend over the past five years, reaching 6.13% as of June 30, 2023, indicating an improvement in the company's ability to generate operating profit from its assets. The significant increase from the negative figure in 2020 to the current level reflects operational efficiency and effective asset utilization.
The company's operating ROA was relatively stable in 2021 and 2022, showing a moderate increase. However, the notable jump in 2023 suggests a more robust operational performance and possibly strategic improvements implemented by the company.
Overall, the positive trajectory of Performance Food Group Co's operating ROA indicates that the company is effectively utilizing its assets to generate operating profits, which is a positive sign for investors and stakeholders.
Peer comparison
Jun 30, 2023