Procter & Gamble Company (PG)

Total asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	84,039,000	84,060,000	83,933,000	83,265,000	82,006,000	80,968,000	80,281,000	80,461,000	80,187,000	79,618,000	78,346,000	77,138,000	76,118,000	74,870,000	73,975,000	72,470,000	70,950,000	70,346,000	69,594,000	68,792,000
Total assets	US$ in thousands	122,370,000	119,598,000	120,709,000	122,531,000	120,829,000	119,851,000	117,715,000	116,282,000	117,208,000	120,217,000	121,416,000	119,669,000	119,307,000	116,778,000	120,112,000	119,899,000	120,700,000	118,560,000	111,723,000	114,058,000
Total asset turnover		0.69	0.70	0.70	0.68	0.68	0.68	0.68	0.69	0.68	0.66	0.65	0.64	0.64	0.64	0.62	0.60	0.59	0.59	0.62	0.60

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $84,039,000K ÷ $122,370,000K
= 0.69

Procter & Gamble Company's total asset turnover has shown a consistent trend over the past few quarters. The ratio has ranged from 0.59 to 0.70, indicating the company generates revenue relative to its total assets at a moderate level. The stability in the total asset turnover suggests that Procter & Gamble is efficiently utilizing its assets to generate sales. However, there has been a slight increase in the ratio from 0.59 in September 2019 to 0.70 in March 2024, which could indicate improved asset utilization or sales growth. Overall, Procter & Gamble Company's total asset turnover reflects a reasonable efficiency in generating sales in relation to its asset base.