Procter & Gamble Company (PG)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	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	4,986,000	4,814,000	4,291,000
Total stockholders’ equity	US$ in thousands	50,559,000	50,334,000	48,829,000	48,014,000	47,065,000	45,421,000	44,725,000	44,334,000	46,854,000	45,746,000	44,893,000	46,408,000	46,654,000	46,919,000	48,540,000	48,576,000	46,878,000	45,941,000	45,908,000	46,984,000
ROE		29.43%	30.05%	30.25%	31.73%	31.13%	31.53%	31.93%	32.86%	31.46%	31.91%	32.32%	30.47%	30.66%	30.26%	28.53%	28.23%	27.79%	10.85%	10.49%	9.13%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $14,880,000K ÷ $50,559,000K
= 29.43%

Procter & Gamble Company's Return on Equity (ROE) has shown a generally positive trend over the last few quarters. The company's ROE has ranged from 9.13% to 32.86% during the period from September 2019 to June 2024.

During the most recent quarter, ending in June 2024, Procter & Gamble Company's ROE was 29.43%. This was slightly lower compared to the previous quarter, but still at a healthy level. The company has maintained ROE above 30% for several quarters, indicating strong profitability and efficient use of shareholders' equity.

The gradual decrease in ROE from the peak of 32.86% in September 2022 to the recent levels may suggest some challenges in sustaining high profitability. However, the current ROE levels remain relatively strong, indicating that Procter & Gamble Company continues to generate solid returns for its shareholders.

Overall, Procter & Gamble Company's ROE performance reflects a company that is efficiently utilizing its equity to generate profits, although there may be some room for improvement in maintaining the historically high ROE levels seen in previous quarters.