Parker-Hannifin Corporation (PH)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	19,850,000	19,929,600	19,065,200	15,861,600	14,347,600
Property, plant and equipment	US$ in thousands	—	3,101,620	2,865,030	2,122,760	2,266,480
Fixed asset turnover		—	6.43	6.65	7.47	6.33

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $19,850,000K ÷ $—K
= —

The fixed asset turnover ratio for Parker-Hannifin Corporation over the specified periods demonstrates notable fluctuations. As of June 30, 2021, the ratio stood at 6.33, indicating that the company generated approximately $6.33 in sales for each dollar invested in fixed assets. This ratio increased significantly in the following year, reaching 7.47 by June 30, 2022, which suggests improved utilization of fixed assets to generate sales.

Subsequently, a decline is observed in the ratio to 6.65 at June 30, 2023, indicating a reduced efficiency relative to the previous year's peak. This downward trend persisted with a further decrease to 6.43 by June 30, 2024, approaching the earlier levels. The data for June 30, 2025, is not available, precluding further analysis for that year.

Overall, the fixed asset turnover over the observed period shows an initial improvement between 2021 and 2022, followed by a gradual decline through 2023 and 2024. This pattern could reflect changes in asset utilization efficiency, sales levels, or both, requiring further contextual financial details to ascertain the precise causes behind these fluctuations.