Parker-Hannifin Corporation (PH)

Return on assets (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
Net income (ttm)	US$ in thousands	3,530,828	3,392,791	3,158,499	2,891,808	2,844,215	2,768,208	2,632,523	2,346,133	2,083,343	1,503,218	1,260,417	1,252,685	1,315,805	1,691,767	1,816,918	1,876,495	1,745,757	1,536,680	1,430,694	1,187,862
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
ROA		11.97%	11.73%	11.17%	9.77%	9.71%	9.36%	8.87%	7.93%	6.95%	4.93%	4.13%	4.18%	5.07%	7.50%	8.11%	9.27%	8.58%	7.74%	7.22%	6.00%

June 30, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $3,530,828K ÷ $29,494,000K
= 11.97%

The analysis of Parker-Hannifin Corporation's return on assets (ROA) over the period from September 2020 through June 2025 indicates a general upward trend, reflecting improving operational efficiency and asset utilization.

Initially, in September 2020, the ROA stood at approximately 6.00%. Over the subsequent quarters, there was a consistent improvement, reaching a peak of around 9.27% in September 2021. This period of growth suggests that the company was effectively generating profit from its assets during this timeframe, potentially due to operational enhancements, favorable market conditions, or strategic initiatives.

Following this peak, a decline in ROA is observed, with figures dropping to approximately 4.13% by the end of 2022, indicating a period of reduced asset efficiency or profitability. This downturn may have been influenced by external economic factors or internal restructuring.

However, beginning in the first quarter of 2023, the ROA demonstrates a positive recovery trend. From about 4.93% in March 2023, it steadily increases, reaching approximately 9.77% by September 2024. This resurgence suggests renewed operational efficiency and improved asset management.

The most recent data points reveal a continued upward trajectory, with ROA reaching approximately 11.97% as of June 2025. This indicates that the company has regained and surpassed previous levels of asset profitability, possibly driven by strategic initiatives, product line growth, or enhanced operational practices.

Overall, the ROA trend from September 2020 through June 2025 reflects periods of growth, decline, and subsequent recovery. The significant increase in the latter part of this period suggests a strengthening in Parker-Hannifin’s ability to generate profit from its assets, aligning with a positive outlook for the company's operational efficiency during this time frame.