Parker-Hannifin Corporation (PH)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,954,000 | 19,312,100 | 19,271,150 | 19,107,110 | 18,836,130 | 18,077,990 | 17,191,440 | 16,426,780 | 15,687,760 | 15,400,500 | 15,059,880 | 14,645,580 | 14,118,560 | 13,381,960 | 13,273,130 | 13,339,290 | 13,425,410 | 13,946,280 | 14,011,920 | 14,021,370 |
| Total assets | US$ in thousands | 29,297,800 | 29,578,300 | 29,694,900 | 29,592,700 | 29,964,500 | 30,515,700 | 30,520,900 | 29,954,900 | 25,943,900 | 22,545,300 | 22,395,500 | 20,236,900 | 20,341,200 | 19,841,500 | 19,827,400 | 19,785,900 | 19,887,800 | 20,365,300 | 21,044,000 | 19,568,600 |
| Total asset turnover | 0.68 | 0.65 | 0.65 | 0.65 | 0.63 | 0.59 | 0.56 | 0.55 | 0.60 | 0.68 | 0.67 | 0.72 | 0.69 | 0.67 | 0.67 | 0.67 | 0.68 | 0.68 | 0.67 | 0.72 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,954,000K ÷ $29,297,800K
= 0.68
The total asset turnover for Parker-Hannifin Corporation has demonstrated some fluctuations over the past few quarters, ranging from 0.55 to 0.72. This ratio measures the efficiency at which the company generates sales from its total assets. A higher total asset turnover indicates that the company is more effective in utilizing its assets to generate revenue.
In the most recent quarter, the total asset turnover was 0.68, suggesting that the company generated $0.68 in revenue for every dollar of assets it owns. This represents an improvement compared to the previous quarter and is also higher than the ratios observed in some prior quarters.
Overall, while there have been fluctuations, the general trend in total asset turnover for Parker-Hannifin Corporation appears to be relatively stable, with the ratio staying within a certain range over the past few quarters. It is essential for the company to continue monitoring this ratio to ensure efficient asset utilization and sustained revenue generation.
Peer comparison
Jun 30, 2024
See also:
Parker-Hannifin Corporation Total Asset Turnover (Quarterly Data)