Return on Assets (ROA)
since 2005
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Procter & Gamble Co. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
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Calculation
Procter & Gamble Co., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings attributable to Procter & Gamble1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2024 | = | 100 | × | ÷ | |||
| Jun 30, 2023 | = | 100 | × | ÷ | |||
| Jun 30, 2022 | = | 100 | × | ÷ | |||
| Jun 30, 2021 | = | 100 | × | ÷ | |||
| Jun 30, 2020 | = | 100 | × | ÷ | |||
| Jun 30, 2019 | = | 100 | × | ÷ | |||
| Jun 30, 2018 | = | 100 | × | ÷ | |||
| Jun 30, 2017 | = | 100 | × | ÷ | |||
| Jun 30, 2016 | = | 100 | × | ÷ | |||
| Jun 30, 2015 | = | 100 | × | ÷ | |||
| Jun 30, 2014 | = | 100 | × | ÷ | |||
| Jun 30, 2013 | = | 100 | × | ÷ | |||
| Jun 30, 2012 | = | 100 | × | ÷ | |||
| Jun 30, 2011 | = | 100 | × | ÷ | |||
| Jun 30, 2010 | = | 100 | × | ÷ | |||
| Jun 30, 2009 | = | 100 | × | ÷ | |||
| Jun 30, 2008 | = | 100 | × | ÷ | |||
| Jun 30, 2007 | = | 100 | × | ÷ | |||
| Jun 30, 2006 | = | 100 | × | ÷ | |||
| Jun 30, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
- Net Earnings
- The net earnings exhibited a general upward trend from 2005 through 2014, increasing from 7,257 million USD to a peak of approximately 11,643 million USD in 2014. There was a notable decline in 2015, dropping to 7,036 million USD, followed by a recovery and growth phase through 2017, reaching a maximum of 15,326 million USD. A significant decrease followed in 2018 and 2019, with earnings falling to 3,897 million USD. From 2020 onwards, net earnings recovered steadily, stabilizing around the 14,500 to 15,000 million USD range by 2024.
- Total Assets
- Total assets saw substantial growth between 2005 and 2007, more than doubling from approximately 61,527 million USD in 2005 to around 138,014 million USD in 2007. From 2008 onwards, assets fluctuated moderately but exhibited a slight downward trend, decreasing from about 144,266 million USD in 2014 to roughly 120,829 million USD in 2023. The asset base showed minor recovery in 2024, reaching approximately 122,370 million USD.
- Return on Assets (ROA)
- The ROA displayed volatility throughout the period. Initial values were relatively high at 11.79% in 2005, decreased sharply in 2006 to 6.4%, and then fluctuated with moderate increases and decreases. The lowest ROA occurred in 2015 at 5.43%, coinciding with the dip in net earnings. ROA peaked significantly at 12.73% in 2017, declined in the following years but remained above 10% from 2020 onward, maintaining a relatively stable level around 12.1%-12.6% by 2024.
- Overall Observations
- There is a discernible correlation between net earnings and ROA, with both reflecting company profitability trends, including periods of decline and recovery. Total assets peaked early in the analyzed period and have since been on a gradual downward trajectory, which may indicate asset optimization or divestment activities. The volatility in net earnings and ROA around 2015 and 2019 suggests that the company experienced financial challenges during these years but demonstrated resilience through subsequent recovery phases. The relative stabilization of ROA and net earnings in recent years indicates a period of operational consistency and improved profitability efficiency.
Comparison to Industry (Consumer Staples)
Procter & Gamble Co., ROA, long-term trends, comparison to industry (consumer staples)
| Procter & Gamble Co. | Consumer Staples | |
|---|---|---|
| Jun 30, 2024 | ||
| Jun 30, 2023 | ||
| Jun 30, 2022 | ||
| Jun 30, 2021 | ||
| Jun 30, 2020 | ||
| Jun 30, 2019 | ||
| Jun 30, 2018 | ||
| Jun 30, 2017 | ||
| Jun 30, 2016 | ||
| Jun 30, 2015 | ||
| Jun 30, 2014 | ||
| Jun 30, 2013 | ||
| Jun 30, 2012 | ||
| Jun 30, 2011 | ||
| Jun 30, 2010 | ||
| Jun 30, 2009 | ||
| Jun 30, 2008 | ||
| Jun 30, 2007 | ||
| Jun 30, 2006 | ||
| Jun 30, 2005 |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).