Procter & Gamble Company (PG)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,451,000 | 19,981,000 | 19,883,000 | 18,575,000 | 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 |
| Total assets | US$ in thousands | 125,231,000 | 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 |
| Operating ROA | 16.33% | 16.25% | 16.21% | 14.69% | 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% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $20,451,000K ÷ $125,231,000K
= 16.33%
The operating return on assets (ROA) for Procter & Gamble (P&G) has demonstrated a generally positive trend over the analyzed period. Starting from a figure of approximately 13.93% as of September 30, 2020, the metric experienced steady growth, reaching around 15.48% by September 30, 2023. This upward movement indicates improved efficiency in generating operating income relative to the company's total assets.
Throughout the period, the ROA displayed some fluctuations, with slight declines observed in certain quarters—such as a decrease from 15.35% at March 31, 2021, to 14.43% at December 31, 2021—but the overall trajectory remained upward. Notably, from September 30, 2023, onward, the ROA continued to ascend, achieving a peak of approximately 16.25% at March 31, 2025. The latest data point, June 30, 2025, indicates a marginal increase to 16.33%, suggesting sustained operational efficiency.
This trend of rising operating ROA reflects P&G’s ability to more effectively utilize its assets to generate operating income over time. Factors contributing to this positive performance could include improved operational management, strategic asset utilization, and enhancements in product margins or productivity. The consistent upward trajectory also indicates that the company has successfully maintained or enhanced its profitability relative to its asset base over the analyzed timeframe, positioning it favorably in terms of operational efficiency within its industry.