Parker-Hannifin Corporation (PH)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,118,685 | 4,071,095 | 4,014,855 | 3,985,074 | 3,907,727 | 3,860,707 | 3,724,021 | 3,411,695 | 3,117,762 | 2,852,170 | 2,729,311 | 2,785,423 | 2,825,055 | 2,794,583 | 2,693,340 | 2,573,061 | 2,400,238 | 2,158,967 | 2,058,883 | 1,940,897 |
| 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 |
| Operating ROA | 13.96% | 14.08% | 14.20% | 13.46% | 13.34% | 13.05% | 12.54% | 11.53% | 10.40% | 9.35% | 8.94% | 9.30% | 10.89% | 12.40% | 12.03% | 12.71% | 11.80% | 10.88% | 10.38% | 9.81% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,118,685K ÷ $29,494,000K
= 13.96%
Analysis of Parker-Hannifin Corporation's Operating Return on Assets (Operating ROA) over the specified period indicates a trend characterized by initial growth, fluctuations, and subsequent improvement in operational efficiency relative to asset utilization. Starting from September 30, 2020, with an Operating ROA of approximately 9.81%, the metric exhibited a consistent upward trajectory through December 31, 2021, reaching a peak of approximately 12.03%. This progression reflects enhanced operational performance and potentially improved management effectiveness in generating operating income relative to asset base during that period.
Following this peak, the Operating ROA experienced a decline commencing around March 31, 2022, dipping to approximately 10.89% by June 30, 2022, and further decreasing to 8.94% at the end of 2022. This downturn may suggest increased competitive pressures, operational challenges, or shifts in asset productivity during that interval. However, from March 31, 2023, onward, there is a clear trend of recovery and growth, with the Operating ROA reaching approximately 9.35% in Q1 2023, increasing to 11.53% by September 30, 2023, and continuing upward to approximately 14.20% by December 31, 2024.
The subsequent quarters demonstrate a sustained increase in Operating ROA, reaching approximately 14.08% in March 2025, before slightly declining to around 13.96% in June 2025. Overall, the data depicts an initial period of steady improvement, a mid-period decline potentially attributable to operational or market headwinds, and a resumption of growth suggesting renewed operational efficiency and asset management effectiveness.
This pattern highlights the company's capability to restore and improve operational profitability relative to its assets over time, reflecting dynamic performance adjustments, strategic initiatives, or industry effects influencing asset utilization and income generation.
Peer comparison
Jun 30, 2025