Procter & Gamble Company (PG)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,879,000 | 14,653,000 | 14,742,000 | 14,306,000 | 13,027,000 |
| Total assets | US$ in thousands | 122,370,000 | 120,829,000 | 117,208,000 | 119,307,000 | 120,700,000 |
| ROA | 12.16% | 12.13% | 12.58% | 11.99% | 10.79% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $14,879,000K ÷ $122,370,000K
= 12.16%
Procter & Gamble Company's return on assets (ROA) has shown consistent performance over the past five years. The ROA ranged from 10.79% in June 2020 to 12.58% in June 2022, indicating the company's ability to generate profits relative to its total assets. The average ROA over this period was 12.13%.
A higher ROA suggests efficient utilization of assets to generate earnings. Procter & Gamble's ROA numbers indicate that the company effectively managed its assets to generate profits, with a slight decline in 2024 compared to 2022. This could be worth monitoring to assess if the trend continues in the future.
Overall, Procter & Gamble's consistent ROA performance reflects positively on its operational efficiency and profitability in utilizing its assets effectively to generate returns for its shareholders.
Peer comparison
Jun 30, 2024