Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Parker-Hannifin Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2022 13.52% = 4.13% × 3.27
Sep 30, 2022 14.29% = 4.18% × 3.42
Jun 30, 2022 14.87% = 5.07% × 2.93
Mar 31, 2022 18.89% = 7.51% × 2.52
Dec 31, 2021 20.74% = 8.11% × 2.56
Sep 30, 2021 22.09% = 9.27% × 2.38
Jun 30, 2021 20.79% = 8.58% × 2.42
Mar 31, 2021 20.78% = 7.74% × 2.68
Dec 31, 2020 20.15% = 7.22% × 2.79
Sep 30, 2020 18.21% = 6.01% × 3.03
Jun 30, 2020 19.73% = 6.11% × 3.23
Mar 31, 2020 21.03% = 6.50% × 3.23
Dec 31, 2019 21.62% = 6.50% × 3.32
Sep 30, 2019 24.20% = 7.54% × 3.21
Jun 30, 2019 25.37% = 8.60% × 2.95
Mar 31, 2019 24.16% = 9.38% × 2.58
Dec 31, 2018 24.19% = 9.19% × 2.63
Sep 30, 2018 18.87% = 7.46% × 2.53
Jun 30, 2018 18.10% = 6.92% × 2.61
Mar 31, 2018 17.05% = 6.16% × 2.77
Dec 31, 2017 15.84% = 5.47% × 2.90
Sep 30, 2017 19.16% = 6.73% × 2.85
Jun 30, 2017 18.69% = 6.35% × 2.94
Mar 31, 2017 — = — × 3.23
Dec 31, 2016 — = — × 2.59
Sep 30, 2016 — = — × 2.58

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2023 is the decrease in financial leverage ratio.

Three-Component Disaggregation of ROE

Parker-Hannifin Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 13.52% = 7.33% × 0.56 × 3.27
Sep 30, 2022 14.29% = 7.67% × 0.55 × 3.42
Jun 30, 2022 14.87% = 8.29% × 0.61 × 2.93
Mar 31, 2022 18.89% = 10.83% × 0.69 × 2.52
Dec 31, 2021 20.74% = 11.88% × 0.68 × 2.56
Sep 30, 2021 22.09% = 12.61% × 0.74 × 2.38
Jun 30, 2021 20.79% = 12.17% × 0.71 × 2.42
Mar 31, 2021 20.78% = 11.34% × 0.68 × 2.68
Dec 31, 2020 20.15% = 10.60% × 0.68 × 2.79
Sep 30, 2020 18.21% = 8.75% × 0.69 × 3.03
Jun 30, 2020 19.73% = 8.81% × 0.69 × 3.23
Mar 31, 2020 21.03% = 9.32% × 0.70 × 3.23
Dec 31, 2019 21.62% = 9.63% × 0.67 × 3.32
Sep 30, 2019 24.20% = 10.41% × 0.72 × 3.21
Jun 30, 2019 25.37% = 10.56% × 0.81 × 2.95
Mar 31, 2019 24.16% = 10.04% × 0.93 × 2.58
Dec 31, 2018 24.19% = 9.69% × 0.95 × 2.63
Sep 30, 2018 18.87% = 7.98% × 0.93 × 2.53
Jun 30, 2018 18.10% = 7.42% × 0.93 × 2.61
Mar 31, 2018 17.05% = 7.16% × 0.86 × 2.77
Dec 31, 2017 15.84% = 6.54% × 0.84 × 2.90
Sep 30, 2017 19.16% = 8.37% × 0.80 × 2.85
Jun 30, 2017 18.69% = 8.18% × 0.78 × 2.94
Mar 31, 2017 — = — × — × 3.23
Dec 31, 2016 — = — × — × 2.59
Sep 30, 2016 — = — × — × 2.58

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2023 is the decrease in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Parker-Hannifin Corp., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 13.52% = 0.80 × 0.80 × 11.47% × 0.56 × 3.27
Sep 30, 2022 14.29% = 0.81 × 0.83 × 11.38% × 0.55 × 3.42
Jun 30, 2022 14.87% = 0.82 × 0.86 × 11.78% × 0.61 × 2.93
Mar 31, 2022 18.89% = 0.79 × 0.90 × 15.34% × 0.69 × 2.52
Dec 31, 2021 20.74% = 0.78 × 0.91 × 16.73% × 0.68 × 2.56
Sep 30, 2021 22.09% = 0.78 × 0.91 × 17.78% × 0.74 × 2.38
Jun 30, 2021 20.79% = 0.78 × 0.90 × 17.40% × 0.71 × 2.42
Mar 31, 2021 20.78% = 0.78 × 0.88 × 16.41% × 0.68 × 2.68
Dec 31, 2020 20.15% = 0.79 × 0.86 × 15.55% × 0.68 × 2.79
Sep 30, 2020 18.21% = 0.80 × 0.83 × 13.23% × 0.69 × 3.03
Jun 30, 2020 19.73% = 0.80 × 0.83 × 13.29% × 0.69 × 3.23
Mar 31, 2020 21.03% = 0.80 × 0.85 × 13.64% × 0.70 × 3.23
Dec 31, 2019 21.62% = 0.79 × 0.87 × 13.95% × 0.67 × 3.32
Sep 30, 2019 24.20% = 0.77 × 0.90 × 14.97% × 0.72 × 3.21
Jun 30, 2019 25.37% = 0.78 × 0.91 × 14.83% × 0.81 × 2.95
Mar 31, 2019 24.16% = 0.76 × 0.91 × 14.60% × 0.93 × 2.58
Dec 31, 2018 24.19% = 0.76 × 0.90 × 14.17% × 0.95 × 2.63
Sep 30, 2018 18.87% = 0.64 × 0.90 × 13.82% × 0.93 × 2.53
Jun 30, 2018 18.10% = 0.62 × 0.89 × 13.39% × 0.93 × 2.61
Mar 31, 2018 17.05% = 0.62 × 0.88 × 13.00% × 0.86 × 2.77
Dec 31, 2017 15.84% = 0.60 × 0.88 × 12.37% × 0.84 × 2.90
Sep 30, 2017 19.16% = 0.75 × 0.89 × 12.58% × 0.80 × 2.85
Jun 30, 2017 18.69% = 0.74 × 0.89 × 12.39% × 0.78 × 2.94
Mar 31, 2017 — = — × — × — × — × 3.23
Dec 31, 2016 — = — × — × — × — × 2.59
Sep 30, 2016 — = — × — × — × — × 2.58

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in return on equity ratio (ROE) over Q2 2023 is the decrease in financial leverage ratio.

Two-Component Disaggregation of ROA

Parker-Hannifin Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2022 4.13% = 7.33% × 0.56
Sep 30, 2022 4.18% = 7.67% × 0.55
Jun 30, 2022 5.07% = 8.29% × 0.61
Mar 31, 2022 7.51% = 10.83% × 0.69
Dec 31, 2021 8.11% = 11.88% × 0.68
Sep 30, 2021 9.27% = 12.61% × 0.74
Jun 30, 2021 8.58% = 12.17% × 0.71
Mar 31, 2021 7.74% = 11.34% × 0.68
Dec 31, 2020 7.22% = 10.60% × 0.68
Sep 30, 2020 6.01% = 8.75% × 0.69
Jun 30, 2020 6.11% = 8.81% × 0.69
Mar 31, 2020 6.50% = 9.32% × 0.70
Dec 31, 2019 6.50% = 9.63% × 0.67
Sep 30, 2019 7.54% = 10.41% × 0.72
Jun 30, 2019 8.60% = 10.56% × 0.81
Mar 31, 2019 9.38% = 10.04% × 0.93
Dec 31, 2018 9.19% = 9.69% × 0.95
Sep 30, 2018 7.46% = 7.98% × 0.93
Jun 30, 2018 6.92% = 7.42% × 0.93
Mar 31, 2018 6.16% = 7.16% × 0.86
Dec 31, 2017 5.47% = 6.54% × 0.84
Sep 30, 2017 6.73% = 8.37% × 0.80
Jun 30, 2017 6.35% = 8.18% × 0.78
Mar 31, 2017 — = — × —
Dec 31, 2016 — = — × —
Sep 30, 2016 — = — × —

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2023 is the decrease in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Parker-Hannifin Corp., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2022 4.13% = 0.80 × 0.80 × 11.47% × 0.56
Sep 30, 2022 4.18% = 0.81 × 0.83 × 11.38% × 0.55
Jun 30, 2022 5.07% = 0.82 × 0.86 × 11.78% × 0.61
Mar 31, 2022 7.51% = 0.79 × 0.90 × 15.34% × 0.69
Dec 31, 2021 8.11% = 0.78 × 0.91 × 16.73% × 0.68
Sep 30, 2021 9.27% = 0.78 × 0.91 × 17.78% × 0.74
Jun 30, 2021 8.58% = 0.78 × 0.90 × 17.40% × 0.71
Mar 31, 2021 7.74% = 0.78 × 0.88 × 16.41% × 0.68
Dec 31, 2020 7.22% = 0.79 × 0.86 × 15.55% × 0.68
Sep 30, 2020 6.01% = 0.80 × 0.83 × 13.23% × 0.69
Jun 30, 2020 6.11% = 0.80 × 0.83 × 13.29% × 0.69
Mar 31, 2020 6.50% = 0.80 × 0.85 × 13.64% × 0.70
Dec 31, 2019 6.50% = 0.79 × 0.87 × 13.95% × 0.67
Sep 30, 2019 7.54% = 0.77 × 0.90 × 14.97% × 0.72
Jun 30, 2019 8.60% = 0.78 × 0.91 × 14.83% × 0.81
Mar 31, 2019 9.38% = 0.76 × 0.91 × 14.60% × 0.93
Dec 31, 2018 9.19% = 0.76 × 0.90 × 14.17% × 0.95
Sep 30, 2018 7.46% = 0.64 × 0.90 × 13.82% × 0.93
Jun 30, 2018 6.92% = 0.62 × 0.89 × 13.39% × 0.93
Mar 31, 2018 6.16% = 0.62 × 0.88 × 13.00% × 0.86
Dec 31, 2017 5.47% = 0.60 × 0.88 × 12.37% × 0.84
Sep 30, 2017 6.73% = 0.75 × 0.89 × 12.58% × 0.80
Jun 30, 2017 6.35% = 0.74 × 0.89 × 12.39% × 0.78
Mar 31, 2017 — = — × — × — × —
Dec 31, 2016 — = — × — × — × —
Sep 30, 2016 — = — × — × — × —

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in return on assets ratio (ROA) over Q2 2023 is the decrease in effect of interest expense measured by interest burden ratio.

Disaggregation of Net Profit Margin

Parker-Hannifin Corp., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2022 7.33% = 0.80 × 0.80 × 11.47%
Sep 30, 2022 7.67% = 0.81 × 0.83 × 11.38%
Jun 30, 2022 8.29% = 0.82 × 0.86 × 11.78%
Mar 31, 2022 10.83% = 0.79 × 0.90 × 15.34%
Dec 31, 2021 11.88% = 0.78 × 0.91 × 16.73%
Sep 30, 2021 12.61% = 0.78 × 0.91 × 17.78%
Jun 30, 2021 12.17% = 0.78 × 0.90 × 17.40%
Mar 31, 2021 11.34% = 0.78 × 0.88 × 16.41%
Dec 31, 2020 10.60% = 0.79 × 0.86 × 15.55%
Sep 30, 2020 8.75% = 0.80 × 0.83 × 13.23%
Jun 30, 2020 8.81% = 0.80 × 0.83 × 13.29%
Mar 31, 2020 9.32% = 0.80 × 0.85 × 13.64%
Dec 31, 2019 9.63% = 0.79 × 0.87 × 13.95%
Sep 30, 2019 10.41% = 0.77 × 0.90 × 14.97%
Jun 30, 2019 10.56% = 0.78 × 0.91 × 14.83%
Mar 31, 2019 10.04% = 0.76 × 0.91 × 14.60%
Dec 31, 2018 9.69% = 0.76 × 0.90 × 14.17%
Sep 30, 2018 7.98% = 0.64 × 0.90 × 13.82%
Jun 30, 2018 7.42% = 0.62 × 0.89 × 13.39%
Mar 31, 2018 7.16% = 0.62 × 0.88 × 13.00%
Dec 31, 2017 6.54% = 0.60 × 0.88 × 12.37%
Sep 30, 2017 8.37% = 0.75 × 0.89 × 12.58%
Jun 30, 2017 8.18% = 0.74 × 0.89 × 12.39%
Mar 31, 2017 — = — × — × —
Dec 31, 2016 — = — × — × —
Sep 30, 2016 — = — × — × —

Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30).

The primary reason for the decrease in net profit margin ratio over Q2 2023 is the decrease in effect of interest expense measured by interest burden ratio.