Performance Food Group Co (PFGC)
Return on assets (ROA)
| Sep 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 377,400 | 419,500 | 429,400 | 422,200 | 397,200 | 323,100 | 266,200 | 203,500 | 112,500 | 67,900 | 36,900 | 46,100 | 40,700 | -141,900 | -174,500 | -150,900 | -114,100 | 100,300 | 172,800 | 174,700 |
| Total assets | US$ in thousands | 14,396,500 | 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 |
| ROA | 2.62% | 3.26% | 3.33% | 3.27% | 3.18% | 2.65% | 2.18% | 1.67% | 0.91% | 0.57% | 0.31% | 0.40% | 0.52% | -1.90% | -2.33% | -1.95% | -1.48% | 1.27% | 2.83% | 2.83% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $377,400K ÷ $14,396,500K
= 2.62%
Performance Food Group Co's return on assets (ROA) has exhibited fluctuating trends over the past few quarters. In the most recent quarter ending September 30, 2024, the ROA was 2.62%, showing a slight decline from the previous quarter. Despite this decrease, the company's ROA remains above 2%, indicating that it is generating a reasonable level of profit relative to its total assets.
Looking further back, the ROA has shown a positive upward trend since the end of 2021, with consecutive increases up to the first quarter of 2024. This improvement suggests that the company has been effectively utilizing its assets to generate profits during this period.
However, prior to this positive trend, the ROA had experienced a significant decline in the second half of 2021, reaching negative figures in the first quarter of 2021. This dip could indicate challenges in asset management and profitability during that particular period.
Overall, Performance Food Group Co's ROA performance demonstrates a mix of fluctuations and improvements over the analyzed periods, highlighting the importance of consistently monitoring and managing asset utilization to drive profitability.
Peer comparison
Sep 30, 2024