Parker-Hannifin Corporation (PH)

Total asset turnover

		Jun 30, 2025	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
Revenue (ttm)	US$ in thousands	19,849,920	19,793,740	19,907,750	19,986,110	19,929,620	19,838,740	19,826,040	19,679,900	19,065,190	18,157,080	17,181,810	16,331,580	15,861,610	15,632,650	15,292,590	14,879,910	14,347,640	13,549,370	13,505,470	13,591,540
Total assets	US$ in thousands	29,494,000	28,917,800	28,271,500	29,600,800	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
Total asset turnover		0.67	0.68	0.70	0.68	0.68	0.67	0.67	0.67	0.64	0.60	0.56	0.55	0.61	0.69	0.68	0.74	0.71	0.68	0.68	0.69

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,849,920K ÷ $29,494,000K
= 0.67

The total asset turnover ratio of Parker-Hannifin Corporation has exhibited fluctuations over the analyzed period from September 2020 to June 2025. At the beginning of this interval, the ratio was approximately 0.69 as of September 2020, indicating that the company generated roughly $0.69 in sales for every dollar of total assets. Throughout 2021, the ratio demonstrated relative stability, with minor declines and increases, reaching a high point of approximately 0.74 in September 2021, suggesting an improved efficiency in asset utilization during that period.

Subsequently, the ratio declined slightly towards the end of 2021 and into the first quarter of 2022, settling around 0.68 to 0.69. Starting in mid-2022, a declining trend is observed, with the ratio decreasing to approximately 0.55 by September 2022, reflecting a reduction in sales generated per dollar of assets. This downward trend persisted into early 2023, with the ratio approximating 0.60 in March 2023.

However, beginning in mid-2023, the ratio resumed an upward trajectory, reaching about 0.67 by September 2023 and remaining stable through December 2023 and March 2024. During this period, the ratio remained within a narrow band of approximately 0.64 to 0.67, indicating a stabilization and slight improvement in asset utilization efficiency.

From mid-2024 onward, the ratio continued to rise slightly, peaking at approximately 0.70 in December 2024. It maintained a consistent level around 0.67 to 0.68 through March and June 2025. Overall, the trend of Parker-Hannifin's total asset turnover demonstrates periods of both fluctuation and stabilization, with periods of decline in late 2022 and early 2023 followed by gradual recovery and stabilization into mid-2025. This pattern may reflect variations in operational efficiency, sales volume, or asset management strategies over the examined timeframe.