Parker-Hannifin Corporation (PH)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,068,822 | 4,020,132 | 3,894,334 | 3,594,123 | 3,404,182 | 3,165,435 | 3,032,547 | 3,068,395 | 2,975,035 | 2,904,427 | 2,795,573 | 2,648,233 | 2,459,941 | 2,187,483 | 2,057,933 | 1,954,626 | 1,966,704 | 2,096,909 | 2,159,449 | 2,213,347 |
| 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 |
| Operating ROA | 13.89% | 13.59% | 13.11% | 12.15% | 11.36% | 10.37% | 9.94% | 10.24% | 11.47% | 12.88% | 12.48% | 13.09% | 12.09% | 11.02% | 10.38% | 9.88% | 9.89% | 10.30% | 10.26% | 11.31% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,068,822K ÷ $29,297,800K
= 13.89%
Operating return on assets (operating ROA) measures a company's ability to generate profits from its operational activities relative to its total assets. The trend analysis of Parker-Hannifin Corporation's operating ROA over the past few quarters shows a generally positive trajectory.
From September 2019 to March 2020, there was a slight decline in operating ROA from 11.31% to 9.88%. However, from March 2020 onwards, there was a consistent improvement in the operating ROA, reaching its peak at 13.89% in June 2024. This indicates that the company has been able to efficiently use its assets to generate higher operating profits over the specified period.
The upward trend in operating ROA can suggest effective management of assets and profitability of operations at Parker-Hannifin Corporation. It signifies that the company is becoming more efficient in generating earnings with the assets it controls. This positive trend in operating ROA reflects well on the company's operational performance and may indicate sound financial health.
Peer comparison
Jun 30, 2024