Parker-Hannifin Corporation (PH)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 17.75% | 15.31% | 14.54% | 13.06% | 13.98% | 14.35% | 14.87% | 16.43% | 15.78% | 14.59% | 14.38% | 13.80% | 13.17% | 34.14% | 33.01% | 31.11% | 30.74% | 33.32% | 34.01% | 35.30% |
| Operating profit margin | 20.39% | 20.82% | 20.21% | 18.81% | 18.07% | 17.51% | 17.64% | 18.68% | 18.96% | 18.86% | 18.56% | 18.08% | 17.42% | 16.35% | 15.50% | 14.65% | 14.65% | 15.04% | 15.41% | 15.79% |
| Pretax margin | 18.01% | 18.18% | 17.37% | 15.68% | 14.22% | 10.48% | 9.14% | 9.41% | 10.29% | 13.98% | 15.39% | 16.43% | 15.92% | 14.64% | 13.72% | 11.20% | 11.27% | 11.91% | 12.34% | 13.61% |
| Net profit margin | 14.25% | 14.33% | 13.66% | 12.28% | 11.06% | 8.31% | 7.33% | 7.62% | 8.39% | 10.99% | 12.07% | 12.83% | 12.37% | 11.49% | 10.82% | 8.92% | 9.00% | 9.51% | 9.74% | 10.52% |
The profitability ratios of Parker-Hannifin Corporation show varying trends over the past two years. The gross profit margin has seen fluctuations but generally remained between 13% and 17.75%. The operating profit margin has shown more stability, hovering around 18-20.82% range.
However, the pretax margin has fluctuated more significantly, ranging from 9.14% to 18.18%. The net profit margin, representing bottom-line profitability, also exhibited fluctuations but generally remained between 7.33% and 14.33%.
Overall, Parker-Hannifin Corporation has maintained reasonable profitability ratios, with consistent operating profit margins indicating efficient cost management. The variability in pretax and net profit margins suggests the company may have faced some challenges impacting its overall profitability in the recent periods. Further analysis of the company's revenue and cost structures may provide more insights into the factors driving these fluctuating profitability ratios.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.71% | 9.36% | 8.87% | 7.93% | 6.95% | 4.92% | 4.13% | 4.18% | 5.07% | 7.51% | 8.12% | 9.28% | 8.59% | 7.75% | 7.24% | 6.01% | 6.08% | 6.51% | 6.49% | 7.54% |
| Return on total capital | 19.81% | 18.13% | 17.74% | 16.95% | 17.80% | 14.67% | 13.94% | 14.28% | 15.99% | 18.68% | 18.16% | 18.06% | 16.79% | 15.85% | 15.36% | 13.24% | 13.12% | 13.51% | 13.68% | 15.78% |
| Return on equity (ROE) | 23.56% | 23.88% | 23.29% | 22.20% | 20.17% | 15.36% | 13.52% | 14.29% | 14.87% | 18.89% | 20.76% | 22.12% | 20.80% | 20.79% | 20.21% | 18.23% | 19.40% | 21.06% | 21.56% | 24.19% |
Parker-Hannifin Corporation has shown consistent improvement in its profitability ratios over the analyzed periods.
The Operating return on assets (Operating ROA) has steadily increased from 9.88% in December 2020 to 13.89% in June 2024. This indicates the company's ability to generate profits from its assets used in operations, reflecting efficient management and cost control.
The Return on assets (ROA) has also demonstrated an upward trend, climbing from 4.92% in March 2023 to 9.71% in June 2024. This improvement suggests that the company is effectively utilizing its assets to generate earnings for its stakeholders.
The Return on total capital has shown a consistent growth pattern, reaching 19.81% in June 2024 from 13.24% in September 2020. This ratio signifies the company's ability to generate returns from both equity and debt capital invested in the business.
The Return on equity (ROE) has steadily increased from 18.23% in September 2020 to 23.56% in June 2024, reflecting the company's ability to generate profits from the shareholders' equity. This indicates strong financial performance and efficient utilization of equity financing.
Overall, Parker-Hannifin Corporation's profitability ratios demonstrate a positive trajectory, indicating effective management of assets, capital, and equity to generate sustainable returns for its investors.
See also:
Parker-Hannifin Corporation Profitability Ratios (Quarterly Data)