Procter & Gamble Company (PG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 15,495,000 | 15,480,000 | 14,318,000 | 14,880,000 | 15,127,000 | 14,770,000 | 15,235,000 | 14,653,000 | 14,321,000 | 14,279,000 | 14,569,000 | 14,742,000 | 14,596,000 | 14,510,000 | 14,141,000 | 14,306,000 | 14,200,000 | 13,848,000 | 13,711,000 | 13,027,000 |
| 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 |
| ROA | 12.60% | 12.62% | 11.32% | 12.16% | 12.65% | 12.24% | 12.43% | 12.13% | 11.95% | 12.13% | 12.53% | 12.58% | 12.14% | 11.95% | 11.82% | 11.99% | 12.16% | 11.53% | 11.44% | 10.79% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $15,495,000K ÷ $122,984,000K
= 12.60%
The Procter & Gamble Company (P&G) has demonstrated a relatively stable and gradually increasing return on assets (ROA) over the analyzed period extending from June 30, 2020, to March 31, 2025. Initially, the ROA was recorded at 10.79% in June 2020, showing a consistent upward trend through subsequent quarters, peaking at approximately 12.65% on March 31, 2024.
Throughout 2020 and 2021, P&G's ROA experienced incremental improvements, rising from about 10.79% to a peak of approximately 12.14% in March 2022. During this period, the company exhibited effective utilization of its assets to generate profits, reflected in this upward movement. Following this peak, there was a slight stabilization with minor fluctuations, maintaining levels around 12.13% to 12.58% into mid-2022.
From 2022 onward, the ROA maintained a generally steady pattern with intermittent slight declines and recoveries, indicating continuous asset efficiency amidst market and operational variations. For example, the ROA declined to around 11.32% in September 2024 but rebounded to approximately 12.62% by December 2024, reflecting periods of operational adjustment or strategic rebalancing.
In the most recent quarter evaluated (March 31, 2025), the ROA stands at approximately 12.60%, indicative of stable asset utilization and profitability. The overall trend suggests that P&G has maintained a consistent capability to convert its assets into earnings over time, with slight peaks and troughs consistent with typical operational dynamics in a mature consumer goods company.
This steady performance in ROA underscores the company's efficient management of its assets and prudent operational strategies, contributing to its financial stability and consistent profitability over the analyzed period.
See also:
Procter & Gamble Company Return on Assets (ROA) (Quarterly Data)