Performance Food Group Co (PFGC)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 806,800 | 820,700 | 790,800 | 765,800 | 656,800 | 556,600 | 470,400 | 327,400 | 255,200 | 210,000 | 213,100 | 200,700 | -105,500 | -146,300 | -126,700 | -99,000 | 227,100 | 303,700 | 296,200 | 283,300 |
| Total assets | US$ in thousands | 12,873,900 | 12,912,500 | 12,903,200 | 12,499,000 | 12,189,500 | 12,189,600 | 12,168,600 | 12,378,000 | 11,979,600 | 11,956,400 | 11,581,700 | 7,845,700 | 7,449,800 | 7,493,700 | 7,739,900 | 7,719,700 | 7,870,800 | 6,111,100 | 6,163,000 | 4,653,500 |
| Operating ROA | 6.27% | 6.36% | 6.13% | 6.13% | 5.39% | 4.57% | 3.87% | 2.65% | 2.13% | 1.76% | 1.84% | 2.56% | -1.42% | -1.95% | -1.64% | -1.28% | 2.89% | 4.97% | 4.81% | 6.09% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $806,800K ÷ $12,873,900K
= 6.27%
Performance Food Group Co's operating return on assets (ROA) has shown a positive upward trend in recent quarters. The operating ROA for the most recent quarter ending March 31, 2024, was 6.27%, slightly lower than the previous quarter's 6.36%.
Looking back over the past few quarters, the operating ROA has steadily improved from 5.39% in March 31, 2023, to the current level of 6.27%. This indicates that the company has been effectively using its assets to generate operating profits.
However, it is important to note that there were periods of negative operating ROA, particularly in the first quarter of 2021 and the last quarter of 2020. This suggests that the company faced challenges during those periods in effectively utilizing its assets to generate operating income.
Overall, the recent positive trend in operating ROA is a favorable indication of Performance Food Group Co's operational efficiency and profitability. Continued monitoring of this metric will be important to assess the company's ongoing performance and ability to generate returns from its assets.
Peer comparison
Mar 31, 2024