Performance Food Group Co (PFGC)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 816,300 | 829,900 | 810,400 | 825,500 | 826,400 | 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 |
| Total assets | US$ in thousands | 17,881,200 | 17,123,400 | 17,097,000 | 14,396,500 | 13,392,900 | 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 |
| Operating ROA | 4.57% | 4.85% | 4.74% | 5.73% | 6.17% | 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% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $816,300K ÷ $17,881,200K
= 4.57%
The analysis of Performance Food Group Co's operating return on assets (operating ROA) over the period from September 2020 through June 2025 reveals notable fluctuations and an overall upward trend followed by a recent decline.
Initially, the company experienced negative operating ROA figures at the end of September 2020 and December 2020, registering at -1.64% and -1.95%, respectively. This indicates that during this period, the company's operations were unprofitable relative to its total assets. Between March 2021 and June 2021, the operating ROA improved substantially, moving into positive territory with values of -1.42%, then turning positive at 2.56% by June 2021. The positive shift suggests an enhancement in operational efficiency and profitability.
From September 2021 onward, the company demonstrated consistent positive operating ROA figures, reflecting ongoing operational improvements. Values escalated gradually from 1.84% at the end of September 2021 to a peak of 6.36% as of December 2023. This sustained upward trajectory signifies improved asset utilization and operational profitability.
However, after reaching the peak in December 2023, the operating ROA exhibited a declining trend, decreasing to 6.27% in March 2024 and further weakening to 5.73% by September 2024. This decline continued into the initial months of 2025, with figures of 4.85% in March 2025 and 4.57% in June 2025. This downward movement indicates a slight deterioration in operational efficiency and asset profitability in the most recent periods.
Overall, the company's operating ROA transitioned from negative in late 2020 to a strong positive performance through 2022 and 2023, with a peak at over 6%. The recent downward trend warrants further investigation but still reflects an overall positive operating efficiency compared to the earlier period of losses.
Peer comparison
Jun 30, 2025