Procter & Gamble Co. (NYSE:PG)

The analysis of the annual financial data reveals the following trends and insights:

Total Assets

The total assets have shown a general upward trend from US$115,095 million in 2019 to US$122,370 million in 2024. There was a slight decline from 2020 to 2022, decreasing from US$120,700 million to US$117,208 million, followed by a recovery in the subsequent years, reaching the highest value in 2024.

Adjusted Total Assets

Adjusted total assets exhibit a pattern similar to that of total assets, starting at US$113,792 million in 2019 and gradually increasing to US$120,627 million in 2024. The slight decrease from 2020 to 2022 was also observed here, followed by an upward movement thereafter.

Overall, both total assets and adjusted total assets demonstrate resilience and gradual growth over the six-year period, with minor fluctuations observed during the mid-period. The recovery after the dip between 2020 and 2022 could suggest effective management or favorable market conditions contributing to asset growth in recent years.

The analysis of the annual financial data reveals the following observations regarding the company's current liabilities over the six-year period ending June 30, 2024.

Current Liabilities

The current liabilities showed a generally increasing trend from 2019 to 2023, starting at 30,011 million US dollars and rising steadily to reach a peak of 35,756 million US dollars in 2023. However, in the subsequent year ending June 30, 2024, there was a slight decrease to 33,627 million US dollars. This indicates a period of growth in short-term obligations followed by a partial reduction.

Adjusted Current Liabilities

The adjusted current liabilities follow a similar pattern to the reported current liabilities. Beginning at 29,543 million US dollars in 2019, there is a steady increase over the years, with values rising to 35,582 million US dollars in 2023. In 2024, this value decreases to 33,461 million US dollars. The difference between adjusted and reported values remains relatively consistent throughout the period, suggesting adjustments do not significantly alter the overall trend.

Trend Analysis

Overall, both current liabilities and adjusted current liabilities reflect an upward trajectory over the first five years, indicating possible expansion or increased short-term financing needs. The decline in the final year may suggest improved liquidity management or a strategic reduction in short-term obligations. The close alignment of adjusted and reported liabilities indicates stability in adjustments and reliability in the tracking of these figures.

The analysis of the annual financial data reveals the following trends in the total and adjusted total liabilities over a six-year period ending June 30, 2024.

Total Liabilities

The total liabilities exhibit moderate fluctuations over the years. Starting at approximately 67.5 billion USD in mid-2019, the liabilities increase to a peak of roughly 73.8 billion USD in 2020. Following this, a slight decline is observed in 2021 and 2022, with values dropping to around 72.7 billion USD and 70.4 billion USD, respectively. However, liabilities rise again in 2023 to about 73.8 billion USD before decreasing to 71.8 billion USD in 2024. Overall, the total liabilities maintain a relatively stable range between approximately 67.5 billion and 74 billion USD during the period.

Adjusted Total Liabilities

The adjusted total liabilities follow a similar pattern, though consistently lower than the total liabilities figure by approximately 6-7 billion USD each year. Starting at about 61.3 billion USD in 2019, adjusted liabilities increase steadily through 2020 and 2021, reaching around 67.2 billion USD and 66.2 billion USD respectively. Subsequently, a downward trend is seen in 2022 with adjusted liabilities reducing to 63.4 billion USD, followed by an increase to 67.1 billion USD in 2023 and a decline to 65.1 billion USD in 2024. The adjusted measure thus reflects a mild cyclical movement while remaining generally stable within the range of roughly 61 billion to 67 billion USD.

In summary, both total and adjusted total liabilities show a pattern of moderate increase until 2020, followed by minor declines and subsequent rises, ultimately maintaining a relatively steady level over the six-year span. The adjusted liabilities consistently represent a lower valuation than the total liabilities, suggesting the removal of certain liabilities or adjustments for analytical clarity. No extreme volatility or sharp changes are evident within this timeframe, indicating a stable liability position relative to the company’s financial management practices.

The analysis of the annual financial data reveals the following trends in the shareholders’ equity and adjusted total shareholders’ equity of the company over the six-year period ending June 30, 2024.

Shareholders’ Equity Attributable to Procter & Gamble (US$ in millions)

Over the six-year period, this metric exhibited a relatively stable trend with minor fluctuations. Starting at $47,194 million in 2019, it declined slightly through 2020 and 2021, reaching a low of $46,378 million. Subsequently, it experienced a modest recovery in 2022 and 2023, culminating in a significant increase to $50,287 million by 2024. This upward movement in the final year indicates an improvement in the company’s net asset position attributable to common shareholders.

Adjusted Total Shareholders’ Equity (US$ in millions)

This adjusted measure also demonstrated a generally stable yet slightly upward trajectory over the same period. Beginning at $52,500 million in 2019, it slightly decreased through 2020 and 2021 to $50,871 million, before rebounding in 2022 and 2023. The value rose to $55,498 million by 2024, representing a noticeable improvement compared to previous years. This increase suggests enhanced adjustments, possibly reflecting more favorable valuations or accounting treatments, contributing to a stronger equity base.

Overall, both the reported shareholders’ equity and the adjusted total shareholders’ equity showed resilience with mild declines in the early years followed by a positive recovery trend, particularly marked in the latest fiscal year. The growth in 2024 may imply stronger financial health and potential for increased shareholder value.

Total reported debt

The total reported debt showed some fluctuations over the periods analyzed. It increased from approximately $30.1 billion in June 2019 to $34.7 billion in June 2020, then decreased to about $31.5 billion by June 2022. This was followed by a rise again to $34.6 billion as of June 2023, before slightly declining to $32.5 billion by June 2024. Overall, the debt levels appear to oscillate without a consistent upward or downward trend.

Shareholders’ equity attributable to Procter & Gamble

Shareholders’ equity remained relatively stable from June 2019 through June 2023, ranging between approximately $46.3 billion and $46.8 billion. However, there was a more marked increase by June 2024, rising to about $50.3 billion, indicating growth in equity during the latest period after several years of minor fluctuations.

Total reported capital

Total reported capital—which combines debt and equity—exhibited steady growth over the entire timeframe. It increased from around $77.3 billion in June 2019 to roughly $82.7 billion by June 2024. This upward trend suggests an overall expansion in the company’s capital structure despite intermediate changes in individual components.

Adjusted total debt

Adjusted total debt followed a pattern similar to the reported debt. It increased from approximately $31.2 billion in June 2019 to a peak near $35.6 billion in June 2020, then declined to around $32.3 billion by June 2022. Subsequently, it rose again to approximately $35.4 billion in June 2023 before reducing to $33.4 billion by June 2024. The adjusted figures reinforce the observed fluctuations in debt levels.

Adjusted total shareholders’ equity

Adjusted total shareholders’ equity decreased slightly from about $52.5 billion in June 2019 to approximately $50.9 billion by June 2021. It then increased to around $52.2 billion in June 2022 but dipped marginally to $51.9 billion by June 2023. By June 2024, it rose significantly to approximately $55.5 billion, reflecting a strengthening in equity value during the latest period.

Adjusted total capital

The adjusted total capital saw moderate growth throughout the period, starting at approximately $83.7 billion in June 2019 and rising to about $88.9 billion by June 2024. While minor fluctuations occurred in interim years, the overall trajectory indicates a gradual expansion in capital when adjustments are accounted for.

The financial data reveals several noteworthy trends in the net earnings of Procter & Gamble Co. over the recent six-year period ending June 30, 2024.

Net Earnings Attributable to Procter & Gamble

The net earnings attributable to the company demonstrate a significant increase from 2019 to 2020, rising from approximately $3.9 billion to $13 billion. This sharp rise suggests a considerable improvement in profitability in that 12-month span. Subsequently, from 2020 to 2021, net earnings continue to grow but at a slower pace, reaching around $14.3 billion. Between 2021 and 2024, net earnings show a stabilization pattern, with values fluctuating modestly between about $14.6 billion and $14.9 billion, indicating maturity in earnings growth and potential market or operational stability.

Adjusted Net Earnings

Adjusted net earnings also show a marked increase from 2019 to 2021, climbing from roughly $3.7 billion to over $16.3 billion by 2021. After peaking in 2021, adjusted earnings experience a gradual decline through 2023, dropping to approximately $14.3 billion. However, in 2024, there is a slight recovery to about $15 billion. This pattern may reflect adjustments for one-time items or non-recurring charges impacting reported profitability, with a peak followed by some correction and eventual stabilization.

Overall, the company’s profitability has expanded dramatically between 2019 and 2021, followed by a phase of relative earnings stability and minor fluctuations in both reported and adjusted metrics. The close alignment of net and adjusted earnings over time suggests consistent core business performance despite some volatility in adjustments.