Parker-Hannifin Corporation (PH)

Total 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
Total assets	US$ in thousands	29,494,000	29,297,800	29,964,500	25,943,900	20,341,200
Total asset turnover		0.67	0.68	0.64	0.61	0.71

June 30, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $19,850,000K ÷ $29,494,000K
= 0.67

The total asset turnover ratio for Parker-Hannifin Corporation demonstrates a fluctuating trend over the analyzed period from June 30, 2021, to June 30, 2025. Specifically, the ratio decreased from 0.71 in June 2021 to 0.61 in June 2022, indicating a decline in the efficiency with which the company utilizes its assets to generate sales during that year. Subsequently, there was a modest recovery in the ratio, rising to 0.64 by June 2023, suggesting a slight improvement in asset utilization. The ratio continued its upward trajectory to reach 0.68 in June 2024, reflecting a further enhancement in operational efficiency. However, a slight decrease to 0.67 by June 2025 indicates a marginal decline in asset utilization efficiency in the most recent year. Overall, the pattern suggests periods of decline followed by partial recovery, with the total asset turnover metric remaining below its initial level from 2021, which could imply ongoing challenges or strategic shifts affecting asset productivity.