Parker-Hannifin Corporation (PH)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	2,844,215	2,768,208	2,632,523	2,345,909	2,082,936	1,502,811	1,259,939	1,252,302	1,315,605	1,692,512	1,817,648	1,878,399	1,747,045	1,537,023	1,436,466	1,190,040	1,208,188	1,326,140	1,364,792	1,474,604
Total stockholders’ equity	US$ in thousands	12,072,000	11,590,900	11,302,600	10,565,400	10,326,900	9,781,300	9,322,380	8,762,520	8,848,010	8,959,870	8,755,080	8,490,780	8,398,310	7,392,200	7,105,980	6,528,960	6,227,220	6,295,990	6,330,180	6,096,620
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%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,844,215K ÷ $12,072,000K
= 23.56%

The return on equity (ROE) for Parker-Hannifin Corporation has varied over the past several quarters. The ROE has generally been in the range of 13% to 24%, with some fluctuations in between. In the most recent quarter, ending June 30, 2024, the ROE was reported at 23.56%, which indicates that for every dollar of shareholders' equity invested, the company generated a profit of 23.56 cents.

Overall, the trend in ROE for Parker-Hannifin Corporation has shown improvement over the past few quarters, with the most recent results indicating a strong return on equity. This suggests that the company is effectively utilizing its equity capital to generate profits for its shareholders. Investors may view this positively as it signifies efficient use of resources and potential for sustainable growth in shareholder value.