Performance Food Group Co (PFGC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 166,800 |
| 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 |
| ROA | 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% | 3.58% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $419,500K ÷ $12,873,900K
= 3.26%
Performance Food Group Co's return on assets (ROA) has shown a fluctuating trend over the past six quarters. From March 31, 2020, to March 31, 2021, the ROA was negative, indicating the company's assets were not generating profits during this period. However, starting from June 30, 2021, the ROA turned positive and has been gradually increasing since then.
The ROA improved significantly from 0.52% in June 30, 2021, to 3.33% in December 31, 2023. This suggests that the company has been able to generate more profits relative to its total assets invested in the business. The highest ROA was recorded in March 31, 2024, at 3.26%, indicating the company's efficiency in generating profits with its existing asset base.
Overall, Performance Food Group Co's ROA has shown improvement in recent quarters, reflecting better asset utilization and profitability. This trend suggests that the company has been able to enhance its operational efficiency and effectiveness in generating returns from its asset base.
Peer comparison
Mar 31, 2024