Procter & Gamble Company (PG)
Total asset turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 83,927,000 | 84,346,000 | 83,905,000 | 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 |
| Total assets | US$ in thousands | 122,984,000 | 122,639,000 | 126,482,000 | 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 |
| Total asset turnover | 0.68 | 0.69 | 0.66 | 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 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $83,927,000K ÷ $122,984,000K
= 0.68
The total asset turnover ratio for Procter & Gamble exhibits a generally upward trend over the analyzed period, reflecting increasing efficiency in asset utilization to generate sales. Starting at 0.59 as of June 30, 2020, the ratio experienced a steady rise, reaching 0.70 by December 31, 2023. This progression indicates that the company has been progressively more effective in generating sales from its asset base.
Throughout the period, the ratio fluctuated slightly but maintained an overall positive trajectory. Notably, from September 2020 through December 2023, the ratio remained relatively stable,hovering within a narrow range between 0.64 and 0.70, suggesting stable operational efficiency in asset management. The highest recorded ratio was 0.70, observed at the end of 2023 and early 2024, implying maximum efficiency during this phase.
Subsequent fluctuations saw the ratio decreasing marginally to approximately 0.66 in September 2024, then recovering to around 0.69 by the end of 2024 and into March 2025. These minor variations may reflect temporary operational adjustments or seasonal influences, but overall, the trend signifies that the company continues to utilize its assets efficiently to support revenue generation.
In conclusion, the total asset turnover ratio for Procter & Gamble demonstrates a positive trend over the analyzed timeframe, with periods of stability and minor fluctuations. The ratio's growth over time suggests an improvement in the company's operational efficiency and asset management effectiveness, aligning with strategic initiatives that enhance sales relative to asset levels.
See also:
Procter & Gamble Company Total Asset Turnover (Quarterly Data)