Procter & Gamble Company (PG)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 18,545,000 | 18,822,000 | 18,610,000 | 18,962,000 | 18,134,000 | 17,570,000 | 17,346,000 | 17,729,000 | 17,813,000 | 17,755,000 | 17,516,000 | 17,728,000 | 17,986,000 | 17,927,000 | 17,595,000 | 16,697,000 | 15,706,000 | 7,033,000 | 6,809,000 | 6,223,000 |
| 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 |
| Operating ROA | 15.15% | 15.74% | 15.42% | 15.48% | 15.01% | 14.66% | 14.74% | 15.25% | 15.20% | 14.77% | 14.43% | 14.81% | 15.08% | 15.35% | 14.65% | 13.93% | 13.01% | 5.93% | 6.09% | 5.46% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $18,545,000K ÷ $122,370,000K
= 15.15%
Procter & Gamble Company's operating return on assets (ROA) has shown a generally positive trend over the past few quarters, ranging from 13.01% in September 2020 to 15.74% in March 2024. The company has consistently maintained an operating ROA above 14%, indicating efficient utilization of its assets to generate operating income.
The upward trend in operating ROA suggests that Procter & Gamble has been successful in managing its operating expenses and maximizing the return on its assets. This could be attributed to effective cost control measures, improving operational efficiency, and strategic investments in revenue-generating activities.
However, the slight fluctuations in the operating ROA figures over the quarters may indicate periodic challenges or changes in the business environment that affect profitability. It is important for the company to continue monitoring and analyzing the factors influencing its operating ROA to sustain and improve its performance over time.
Peer comparison
Jun 30, 2024