Procter & Gamble Co. (NYSE:PG)

Net fixed asset turnover

This ratio exhibited an upward trend from 3.18 in 2019 to 3.79 in 2024, indicating improved efficiency in utilizing fixed assets to generate revenues over the period. Notably, a steady increase is seen each year except for a slight dip from 3.78 in 2022 to 3.74 in 2023 before rebounding to 3.79 in 2024.

Net fixed asset turnover (including operating lease, right-of-use asset)

The adjusted metric, which includes operating lease assets, showed a similar pattern, rising from 3.18 in 2019 to 3.65 in 2024. This measure also follows an upward trajectory, though generally at lower values compared to the non-adjusted ratio, reflecting the impact of including right-of-use assets. The increase is consistent except for a minor decrease from 3.65 in 2022 to 3.61 in 2023, followed by restoration to 3.65 in 2024.

Total asset turnover

Total asset turnover remained stable at 0.59 in 2019 and 2020, then increased to 0.64 in 2021 and 0.68 in both 2022 and 2023, with a slight rise to 0.69 in 2024. This indicates a gradual improvement in the efficiency of using overall assets to generate sales across the years.

Equity turnover

The equity turnover ratio showed a clear increasing trend from 1.43 in 2019 to a peak of 1.75 in 2023, suggesting enhanced productivity of equity in generating revenues. However, there is a noticeable decline to 1.67 in 2024, which may imply a reduction in the rate at which equity is being effectively utilized compared to previous years.

The financial data demonstrates a consistent growth trend in net sales over the six-year period. Beginning at US$67,684 million in June 2019, net sales increased steadily each year, reaching US$84,039 million by June 2024. This represents a continuous upward trajectory, indicating sustained revenue growth.

The net value of property, plant, and equipment (PP&E) shows some fluctuations but remains fairly stable overall. Starting at US$21,271 million in June 2019, there was a slight decline in 2020 to US$20,692 million, followed by a gradual recovery and increase to US$22,152 million by June 2024. This pattern suggests moderate investment or maintenance of fixed assets during the period.

The net fixed asset turnover ratio, which measures the efficiency of the company in generating sales from its net fixed assets, exhibits an improving trend. From a ratio of 3.18 in June 2019, it rose to 3.79 by June 2024. The increase in this ratio indicates enhanced productivity and efficient utilization of fixed assets to generate higher sales volume over time.

Net Sales

Consistent year-over-year growth, increasing by approximately 24% over six years.

Property, Plant and Equipment, Net

Relatively stable with minor fluctuations; slight dip in 2020 followed by gradual recovery and modest growth.

Net Fixed Asset Turnover

Improved efficiency, increasing from 3.18 to 3.79, reflecting better utilization of assets to generate sales.

Overall, the data reveals a positive operational trend, with steadily growing sales complemented by efficient management and utilization of fixed assets. The capacity to increase sales faster than fixed assets suggests strong operational leverage and effective capital deployment strategies.

Net Sales

Net sales demonstrate a consistent upward trend over the analyzed period, increasing from $67,684 million in 2019 to $84,039 million in 2024. The rate of growth appears steady, with incremental increases each year, indicating continued expansion or improved revenue generation.

Property, Plant, and Equipment, Net

Investment in property, plant, and equipment (including operating lease, right-of-use assets) shows moderate variability but an overall gradual increase. The value rose from $21,271 million in 2019 to $23,027 million in 2024. Notably, there was a slight dip in 2022 compared to 2021, followed by a recovery in subsequent years.

Net Fixed Asset Turnover

The net fixed asset turnover ratio, which measures the efficiency in using fixed assets to generate sales, exhibits an improving trend. It increased from 3.18 in 2019 to 3.65 in 2024, peaking in 2022 at 3.65 with a minor dip in 2023. This suggests enhanced efficiency in asset utilization over time.

Net Sales

The net sales of the company exhibit a consistent upward trajectory over the six-year period. Starting from approximately 67.7 billion USD in mid-2019, net sales have steadily risen each year, reaching just over 84.0 billion USD by mid-2024. This reflects a cumulative growth indicating stable market demand and effective sales strategies.

Total Assets

Total assets have demonstrated a slight fluctuation throughout the examined periods. Beginning at about 115.1 billion USD in mid-2019, assets increased notably to around 120.7 billion USD in 2020. Subsequently, there was a modest decline in the next two years before rising again to approximately 122.4 billion USD by mid-2024. This pattern suggests some variability in asset management or investment activities, though overall asset base remains relatively steady.

Total Asset Turnover

The total asset turnover ratio indicates an improving efficiency in the use of assets to generate sales. The ratio was stable at 0.59 in both 2019 and 2020 but increased progressively afterward, stabilizing around 0.68 to 0.69 in the final two years. This improvement suggests enhanced operational productivity or better asset utilization contributing to increased revenue generation relative to the total asset base.

Net Sales

Net sales show a consistent upward trend over the six-year period from June 30, 2019, to June 30, 2024. The value increased from 67,684 million US dollars in 2019 to 84,039 million US dollars in 2024. This represents a steady growth trajectory, with year-over-year increases ranging between approximately 3.2% and 7.3%. The growth rate slightly moderated in the last reported period, moving from 82,006 million to 84,039 million, indicating sustained but more measured expansion.

Shareholders’ Equity Attributable to Procter & Gamble

The shareholders’ equity attributable to the company remained relatively stable from 2019 through 2023, fluctuating narrowly around the mid-46,000 million US dollars range. There is a noticeable increase in 2024, where equity rises to 50,287 million US dollars, marking an approximate 7.5% increase from the previous year. This suggests a strengthening of the company’s equity base after a period of stability.

Equity Turnover

Equity turnover exhibits a generally increasing trend from 1.43 in 2019, peaking at 1.75 in 2023, before a slight decline to 1.67 in 2024. The increasing ratio over most of the period implies enhanced efficiency in utilizing shareholders’ equity to generate sales. The marginal decrease in 2024 may indicate a relative reduction in the efficiency of equity use despite the rise in net sales and equity.

Summary of Trends and Insights

The company demonstrates consistent revenue growth accompanied by a stable, and eventually increasing, equity base. The upward trajectory in equity turnover until 2023 reflects improving operational efficiency concerning equity utilization. However, in 2024, while equity rises sharply, the ratio declines somewhat, which could suggest that the growth in equity outpaced the growth in sales efficiency during this period. Overall, the financial data indicates robust performance with growing sales, a sound equity position, and generally effective use of shareholder funds.