Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Parker-Hannifin Corp., adjusted financial ratios

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Activity Ratio
Total Asset Turnover
Reported	0.61	0.71	0.69	0.81	0.93	0.78
Adjusted	0.61	0.71	0.69	0.81	0.91	0.76
Liquidity Ratio
Current Ratio
Reported	2.06	1.81	1.55	2.43	1.59	1.41
Adjusted	2.06	1.82	1.63	2.51	1.66	1.47
Solvency Ratios
Debt to Equity
Reported	1.30	0.78	1.38	1.19	0.85	1.12
Adjusted	1.28	0.76	1.30	1.16	0.82	1.07
Debt to Capital
Reported	0.56	0.44	0.58	0.54	0.46	0.53
Adjusted	0.56	0.43	0.57	0.54	0.45	0.52
Financial Leverage
Reported	2.93	2.42	3.23	2.95	2.61	2.94
Adjusted	2.85	2.28	3.00	2.85	2.51	2.80
Profitability Ratios
Net Profit Margin
Reported	8.29%	12.17%	8.81%	10.56%	7.42%	8.18%
Adjusted	6.20%	18.74%	5.25%	8.87%	8.28%	11.02%
Return on Equity (ROE)
Reported	14.87%	20.79%	19.73%	25.37%	18.10%	18.69%
Adjusted	10.85%	30.30%	10.87%	20.35%	18.94%	23.41%
Return on Assets (ROA)
Reported	5.07%	8.58%	6.11%	8.60%	6.92%	6.35%
Adjusted	3.80%	13.28%	3.62%	7.14%	7.56%	8.35%

Based on: 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).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Parker-Hannifin Corp. adjusted total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Parker-Hannifin Corp. adjusted current ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Parker-Hannifin Corp. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Parker-Hannifin Corp. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Parker-Hannifin Corp. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Parker-Hannifin Corp. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Parker-Hannifin Corp. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Parker-Hannifin Corp. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Parker-Hannifin Corp., Financial Ratios: Reported vs. Adjusted

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	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Total assets	25,943,943)	20,341,200)	19,738,189)	17,576,690)	15,320,087)	15,489,904)
Activity Ratio
Total asset turnover¹	0.61	0.71	0.69	0.81	0.93	0.78
Adjusted
Selected Financial Data (US$ in thousands)
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Adjusted total assets²	25,843,300)	20,249,027)	19,842,848)	17,783,768)	15,677,298)	15,875,411)
Activity Ratio
Adjusted total asset turnover³	0.61	0.71	0.69	0.81	0.91	0.76

Based on: 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).

¹ 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 15,861,608 ÷ 25,943,943 = 0.61

² Adjusted total assets. See details »

³ 2022 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 15,861,608 ÷ 25,843,300 = 0.61

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Parker-Hannifin Corp. adjusted total asset turnover ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Current assets	12,046,644)	5,616,750)	4,885,204)	7,673,086)	5,085,238)	4,779,718)
Current liabilities	5,859,318)	3,096,503)	3,148,373)	3,151,773)	3,197,483)	3,395,860)
Liquidity Ratio
Current ratio¹	2.06	1.81	1.55	2.43	1.59	1.41
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets²	12,056,586)	5,628,828)	5,116,702)	7,904,675)	5,298,102)	4,987,987)
Current liabilities	5,859,318)	3,096,503)	3,148,373)	3,151,773)	3,197,483)	3,395,860)
Liquidity Ratio
Adjusted current ratio³	2.06	1.82	1.63	2.51	1.66	1.47

Based on: 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).

¹ 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,046,644 ÷ 5,859,318 = 2.06

² Adjusted current assets. See details »

³ 2022 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 12,056,586 ÷ 5,859,318 = 2.06

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Parker-Hannifin Corp. adjusted current ratio improved from 2020 to 2021 and from 2021 to 2022.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	11,480,135)	6,584,877)	8,461,785)	7,107,845)	4,957,025)	5,870,360)
Shareholders’ equity	8,848,011)	8,398,307)	6,113,983)	5,961,969)	5,859,866)	5,261,649)
Solvency Ratio
Debt to equity¹	1.30	0.78	1.38	1.19	0.85	1.12
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	11,616,495)	6,718,974)	8,601,558)	7,233,796)	5,158,995)	6,083,655)
Adjusted total equity³	9,066,321)	8,875,478)	6,615,716)	6,242,345)	6,255,592)	5,661,348)
Solvency Ratio
Adjusted debt to equity⁴	1.28	0.76	1.30	1.16	0.82	1.07

Based on: 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).

¹ 2022 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 11,480,135 ÷ 8,848,011 = 1.30

² Adjusted total debt. See details »

³ Adjusted total equity. See details »

⁴ 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 11,616,495 ÷ 9,066,321 = 1.28

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Parker-Hannifin Corp. adjusted debt-to-equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	11,480,135)	6,584,877)	8,461,785)	7,107,845)	4,957,025)	5,870,360)
Total capital	20,328,146)	14,983,184)	14,575,768)	13,069,814)	10,816,891)	11,132,009)
Solvency Ratio
Debt to capital¹	0.56	0.44	0.58	0.54	0.46	0.53
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	11,616,495)	6,718,974)	8,601,558)	7,233,796)	5,158,995)	6,083,655)
Adjusted total capital³	20,682,816)	15,594,452)	15,217,274)	13,476,141)	11,414,587)	11,745,003)
Solvency Ratio
Adjusted debt to capital⁴	0.56	0.43	0.57	0.54	0.45	0.52

Based on: 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).

¹ 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 11,480,135 ÷ 20,328,146 = 0.56

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 11,616,495 ÷ 20,682,816 = 0.56

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Parker-Hannifin Corp. adjusted debt-to-capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Total assets	25,943,943)	20,341,200)	19,738,189)	17,576,690)	15,320,087)	15,489,904)
Shareholders’ equity	8,848,011)	8,398,307)	6,113,983)	5,961,969)	5,859,866)	5,261,649)
Solvency Ratio
Financial leverage¹	2.93	2.42	3.23	2.95	2.61	2.94
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	25,843,300)	20,249,027)	19,842,848)	17,783,768)	15,677,298)	15,875,411)
Adjusted total equity³	9,066,321)	8,875,478)	6,615,716)	6,242,345)	6,255,592)	5,661,348)
Solvency Ratio
Adjusted financial leverage⁴	2.85	2.28	3.00	2.85	2.51	2.80

Based on: 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).

¹ 2022 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 25,943,943 ÷ 8,848,011 = 2.93

² Adjusted total assets. See details »

³ Adjusted total equity. See details »

⁴ 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 25,843,300 ÷ 9,066,321 = 2.85

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Parker-Hannifin Corp. adjusted financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Profitability Ratio
Net profit margin¹	8.29%	12.17%	8.81%	10.56%	7.42%	8.18%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	983,327)	2,689,383)	719,125)	1,270,071)	1,184,736)	1,325,157)
Net sales	15,861,608)	14,347,640)	13,695,520)	14,320,324)	14,302,392)	12,029,312)
Profitability Ratio
Adjusted net profit margin³	6.20%	18.74%	5.25%	8.87%	8.28%	11.02%

Based on: 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).

¹ 2022 Calculation
Net profit margin = 100 × Net income attributable to common shareholders ÷ Net sales
= 100 × 1,315,605 ÷ 15,861,608 = 8.29%

² Adjusted net income. See details »

³ 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Net sales
= 100 × 983,327 ÷ 15,861,608 = 6.20%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Parker-Hannifin Corp. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)
Shareholders’ equity	8,848,011)	8,398,307)	6,113,983)	5,961,969)	5,859,866)	5,261,649)
Profitability Ratio
ROE¹	14.87%	20.79%	19.73%	25.37%	18.10%	18.69%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	983,327)	2,689,383)	719,125)	1,270,071)	1,184,736)	1,325,157)
Adjusted total equity³	9,066,321)	8,875,478)	6,615,716)	6,242,345)	6,255,592)	5,661,348)
Profitability Ratio
Adjusted ROE⁴	10.85%	30.30%	10.87%	20.35%	18.94%	23.41%

Based on: 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).

¹ 2022 Calculation
ROE = 100 × Net income attributable to common shareholders ÷ Shareholders’ equity
= 100 × 1,315,605 ÷ 8,848,011 = 14.87%

² Adjusted net income. See details »

³ Adjusted total equity. See details »

⁴ 2022 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted total equity
= 100 × 983,327 ÷ 9,066,321 = 10.85%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Parker-Hannifin Corp. adjusted ROE improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income attributable to common shareholders	1,315,605)	1,746,100)	1,206,341)	1,512,364)	1,060,801)	983,412)
Total assets	25,943,943)	20,341,200)	19,738,189)	17,576,690)	15,320,087)	15,489,904)
Profitability Ratio
ROA¹	5.07%	8.58%	6.11%	8.60%	6.92%	6.35%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income²	983,327)	2,689,383)	719,125)	1,270,071)	1,184,736)	1,325,157)
Adjusted total assets³	25,843,300)	20,249,027)	19,842,848)	17,783,768)	15,677,298)	15,875,411)
Profitability Ratio
Adjusted ROA⁴	3.80%	13.28%	3.62%	7.14%	7.56%	8.35%

Based on: 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).

¹ 2022 Calculation
ROA = 100 × Net income attributable to common shareholders ÷ Total assets
= 100 × 1,315,605 ÷ 25,943,943 = 5.07%

² Adjusted net income. See details »

³ Adjusted total assets. See details »

⁴ 2022 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 983,327 ÷ 25,843,300 = 3.80%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Parker-Hannifin Corp. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Parker-Hannifin Corp. (NYSE:PH)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Parker-Hannifin Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)