Performance Food Group Co (PFGC)
Return on assets (ROA)
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 397,200 | 112,500 | 40,700 | -114,100 | 166,800 |
| Total assets | US$ in thousands | 12,499,000 | 12,378,000 | 7,845,700 | 7,719,700 | 4,653,500 |
| ROA | 3.18% | 0.91% | 0.52% | -1.48% | 3.58% |
June 30, 2023 calculation
ROA = Net income ÷ Total assets
= $397,200K ÷ $12,499,000K
= 3.18%
Performance Food Group Co's Return on Assets (ROA) has shown varying trends over the past five years. In the most recent fiscal year, ending June 30, 2023, the ROA increased significantly to 3.18% compared to the previous year's 0.91%. This indicates that the company has been more efficient in generating profits relative to its total assets.
The ROA for June 30, 2022, at 0.91%, also displayed an improvement from the prior year's 0.52%. However, the company experienced a negative ROA of -1.48% in the fiscal year ending June 30, 2020, reflecting a period of unprofitability relative to its asset base.
A notable peak in ROA was observed on June 30, 2019, at 3.58%, indicating strong profitability in that fiscal year. The contrasting performance in subsequent years suggests fluctuations in the company's ability to generate earnings from its assets effectively.
Overall, Performance Food Group Co's ROA has displayed a mix of positive and negative trends over the past five years, with the most recent year demonstrating a significant improvement in asset efficiency. Additional analysis of the company's operational and financial strategies would be necessary to understand the factors driving these fluctuations in ROA.
Peer comparison
Jun 30, 2023