Analysis of Reportable Segments
Parker-Hannifin Corp. operates in 2 segments: Diversified Industrial and Aerospace Systems.
Segment Profit Margin
Parker-Hannifin Corp., profit margin by reportable segment
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 20.19% | 18.69% | 15.15% | 16.46% | 15.36% | 14.91% |
| Aerospace Systems | 19.90% | 16.88% | 17.44% | 19.43% | 17.19% | 14.77% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Diversified Industrial | Diversified Industrial segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Aerospace Systems | Aerospace Systems segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Profit Margin: Diversified Industrial
Parker-Hannifin Corp.; Diversified Industrial; segment profit margin calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment operating income | 2,693,303) | 2,235,473) | 1,660,707) | 1,943,476) | 1,841,209) | 1,452,759) |
| Net sales | 13,342,046) | 11,960,159) | 10,960,885) | 11,809,547) | 11,986,693) | 9,744,585) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 20.19% | 18.69% | 15.15% | 16.46% | 15.36% | 14.91% |
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
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × 2,693,303 ÷ 13,342,046 = 20.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Diversified Industrial | Diversified Industrial segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Aerospace Systems
Parker-Hannifin Corp.; Aerospace Systems; segment profit margin calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment operating income | 501,431) | 402,895) | 476,900) | 487,757) | 397,970) | 337,496) |
| Net sales | 2,519,562) | 2,387,481) | 2,734,635) | 2,510,777) | 2,315,699) | 2,284,727) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 19.90% | 16.88% | 17.44% | 19.43% | 17.19% | 14.77% |
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
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × 501,431 ÷ 2,519,562 = 19.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Aerospace Systems | Aerospace Systems segment profit margin ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Return on Assets (Segment ROA)
Parker-Hannifin Corp., ROA by reportable segment
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 17.00% | 13.53% | 10.40% | 14.74% | 13.77% | 10.87% |
| Aerospace Systems | 16.60% | 13.09% | 14.67% | 31.55% | 27.51% | 23.89% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Diversified Industrial | Diversified Industrial segment ROA improved from 2020 to 2021 and from 2021 to 2022. |
| Aerospace Systems | Aerospace Systems segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment ROA: Diversified Industrial
Parker-Hannifin Corp.; Diversified Industrial; segment ROA calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment operating income | 2,693,303) | 2,235,473) | 1,660,707) | 1,943,476) | 1,841,209) | 1,452,759) |
| Assets | 15,838,512) | 16,518,688) | 15,973,576) | 13,189,204) | 13,368,619) | 13,366,981) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 17.00% | 13.53% | 10.40% | 14.74% | 13.77% | 10.87% |
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
Segment ROA = 100 × Segment operating income ÷ Assets
= 100 × 2,693,303 ÷ 15,838,512 = 17.00%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Diversified Industrial | Diversified Industrial segment ROA improved from 2020 to 2021 and from 2021 to 2022. |
Segment ROA: Aerospace Systems
Parker-Hannifin Corp.; Aerospace Systems; segment ROA calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segment operating income | 501,431) | 402,895) | 476,900) | 487,757) | 397,970) | 337,496) |
| Assets | 3,020,606) | 3,077,395) | 3,251,522) | 1,546,053) | 1,446,745) | 1,412,707) |
| Segment Profitability Ratio | ||||||
| Segment ROA1 | 16.60% | 13.09% | 14.67% | 31.55% | 27.51% | 23.89% |
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
Segment ROA = 100 × Segment operating income ÷ Assets
= 100 × 501,431 ÷ 3,020,606 = 16.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Aerospace Systems | Aerospace Systems segment ROA deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Asset Turnover
Parker-Hannifin Corp., asset turnover by reportable segment
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 0.84 | 0.72 | 0.69 | 0.90 | 0.90 | 0.73 |
| Aerospace Systems | 0.83 | 0.78 | 0.84 | 1.62 | 1.60 | 1.62 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Diversified Industrial | Diversified Industrial segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Aerospace Systems | Aerospace Systems segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Segment Asset Turnover: Diversified Industrial
Parker-Hannifin Corp.; Diversified Industrial; segment asset turnover calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 13,342,046) | 11,960,159) | 10,960,885) | 11,809,547) | 11,986,693) | 9,744,585) |
| Assets | 15,838,512) | 16,518,688) | 15,973,576) | 13,189,204) | 13,368,619) | 13,366,981) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.84 | 0.72 | 0.69 | 0.90 | 0.90 | 0.73 |
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
Segment asset turnover = Net sales ÷ Assets
= 13,342,046 ÷ 15,838,512 = 0.84
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Diversified Industrial | Diversified Industrial segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Asset Turnover: Aerospace Systems
Parker-Hannifin Corp.; Aerospace Systems; segment asset turnover calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 2,519,562) | 2,387,481) | 2,734,635) | 2,510,777) | 2,315,699) | 2,284,727) |
| Assets | 3,020,606) | 3,077,395) | 3,251,522) | 1,546,053) | 1,446,745) | 1,412,707) |
| Segment Activity Ratio | ||||||
| Segment asset turnover1 | 0.83 | 0.78 | 0.84 | 1.62 | 1.60 | 1.62 |
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
Segment asset turnover = Net sales ÷ Assets
= 2,519,562 ÷ 3,020,606 = 0.83
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Aerospace Systems | Aerospace Systems segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Segment Capital Expenditures to Depreciation
Parker-Hannifin Corp., capital expenditures to depreciation by reportable segment
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 0.90 | 0.81 | 0.84 | 0.85 | 0.93 | 0.84 |
| Aerospace Systems | 0.93 | 0.64 | 1.61 | 1.28 | 0.91 | 0.97 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Diversified Industrial | Diversified Industrial segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Aerospace Systems | Aerospace Systems segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: Diversified Industrial
Parker-Hannifin Corp.; Diversified Industrial; segment capital expenditures to depreciation calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Property additions | 197,675) | 186,233) | 183,981) | 172,348) | 196,469) | 148,765) |
| Depreciation | 219,206) | 229,891) | 218,092) | 203,144) | 211,648) | 176,823) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 0.90 | 0.81 | 0.84 | 0.85 | 0.93 | 0.84 |
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
Segment capital expenditures to depreciation = Property additions ÷ Depreciation
= 197,675 ÷ 219,206 = 0.90
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Diversified Industrial | Diversified Industrial segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Segment Capital Expenditures to Depreciation: Aerospace Systems
Parker-Hannifin Corp.; Aerospace Systems; segment capital expenditures to depreciation calculation
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Property additions | 27,452) | 20,705) | 44,546) | 20,748) | 15,225) | 16,929) |
| Depreciation | 29,576) | 32,151) | 27,749) | 16,268) | 16,737) | 17,484) |
| Segment Financial Ratio | ||||||
| Segment capital expenditures to depreciation1 | 0.93 | 0.64 | 1.61 | 1.28 | 0.91 | 0.97 |
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
Segment capital expenditures to depreciation = Property additions ÷ Depreciation
= 27,452 ÷ 29,576 = 0.93
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Aerospace Systems | Aerospace Systems segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Net sales
Parker-Hannifin Corp., net sales by reportable segment
US$ in thousands
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 13,342,046) | 11,960,159) | 10,960,885) | 11,809,547) | 11,986,693) | 9,744,585) |
| Aerospace Systems | 2,519,562) | 2,387,481) | 2,734,635) | 2,510,777) | 2,315,699) | 2,284,727) |
| Total | 15,861,608) | 14,347,640) | 13,695,520) | 14,320,324) | 14,302,392) | 12,029,312) |
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).
Segment operating income
Parker-Hannifin Corp., segment operating income by reportable segment
US$ in thousands
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 2,693,303) | 2,235,473) | 1,660,707) | 1,943,476) | 1,841,209) | 1,452,759) |
| Aerospace Systems | 501,431) | 402,895) | 476,900) | 487,757) | 397,970) | 337,496) |
| Total | 3,194,734) | 2,638,368) | 2,137,607) | 2,431,233) | 2,239,179) | 1,790,255) |
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).
Assets
Parker-Hannifin Corp., assets by reportable segment
US$ in thousands
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 15,838,512) | 16,518,688) | 15,973,576) | 13,189,204) | 13,368,619) | 13,366,981) |
| Aerospace Systems | 3,020,606) | 3,077,395) | 3,251,522) | 1,546,053) | 1,446,745) | 1,412,707) |
| Corporate | 7,084,825) | 745,117) | 513,091) | 2,841,433) | 504,723) | 710,216) |
| Total | 25,943,943) | 20,341,200) | 19,738,189) | 17,576,690) | 15,320,087) | 15,489,904) |
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).
Property additions
Parker-Hannifin Corp., property additions by reportable segment
US$ in thousands
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 197,675) | 186,233) | 183,981) | 172,348) | 196,469) | 148,765) |
| Aerospace Systems | 27,452) | 20,705) | 44,546) | 20,748) | 15,225) | 16,929) |
| Corporate | 4,917) | 3,019) | 4,064) | 1,993) | 35,973) | 38,054) |
| Total | 230,044) | 209,957) | 232,591) | 195,089) | 247,667) | 203,748) |
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).
Depreciation
Parker-Hannifin Corp., depreciation by reportable segment
US$ in thousands
| Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 | |
|---|---|---|---|---|---|---|
| Diversified Industrial | 219,206) | 229,891) | 218,092) | 203,144) | 211,648) | 176,823) |
| Aerospace Systems | 29,576) | 32,151) | 27,749) | 16,268) | 16,737) | 17,484) |
| Corporate | 8,532) | 7,901) | 7,058) | 6,263) | 9,421) | 8,561) |
| Total | 257,314) | 269,943) | 252,899) | 225,675) | 237,806) | 202,868) |
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).