Performance Food Group Co (PFGC)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 435,900 | 397,200 | 112,500 | 40,700 | -114,100 |
| Total assets | US$ in thousands | 13,392,900 | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 |
| ROA | 3.25% | 3.18% | 0.91% | 0.52% | -1.48% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $435,900K ÷ $13,392,900K
= 3.25%
Performance Food Group Co's return on assets (ROA) has shown improvement over the years, reflecting better utilization of its assets to generate profits. The ROA was negative at -1.48% as of June 30, 2020, indicating the company was not efficiently generating earnings from its assets. However, this turned around to a positive 0.52% by June 30, 2021, and further improved to 0.91% by June 30, 2022.
The significant increase in ROA to 3.18% by June 30, 2023, and then to 3.25% by June 30, 2024, suggests that Performance Food Group Co has been successful in enhancing its profitability relative to its asset base. This indicates that the company has been effectively managing its assets to increase earnings, which is a positive indicator of its operational efficiency and financial performance.
Peer comparison
Jun 30, 2024