Parker Hannifin Stock Return On Asset

PH Stock  USD 702.68  12.25  1.77%   
Parker Hannifin fundamentals help investors to digest information that contributes to Parker Hannifin's financial success or failures. It also enables traders to predict the movement of Parker Stock. The fundamental analysis module provides a way to measure Parker Hannifin's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Parker Hannifin stock.
The current Return On Assets is estimated to decrease to 0.05.
  
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Parker Hannifin Company Return On Asset Analysis

Parker Hannifin's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Parker Hannifin Return On Asset

    
  0.0855  
Most of Parker Hannifin's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Parker Hannifin is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Parker Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Parker Hannifin is extremely important. It helps to project a fair market value of Parker Stock properly, considering its historical fundamentals such as Return On Asset. Since Parker Hannifin's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Parker Hannifin's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Parker Hannifin's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Parker Total Assets

Total Assets

30.76 Billion

As of now, Parker Hannifin's Total Assets are increasing as compared to previous years.
Based on the latest financial disclosure, Parker Hannifin has a Return On Asset of 0.0855. This is 116.76% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The return on asset for all United States stocks is 161.07% lower than that of the firm.

Parker Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Parker Hannifin's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Parker Hannifin could also be used in its relative valuation, which is a method of valuing Parker Hannifin by comparing valuation metrics of similar companies.
Parker Hannifin is currently under evaluation in return on asset category among its peers.

Parker Hannifin Current Valuation Drivers

We derive many important indicators used in calculating different scores of Parker Hannifin from analyzing Parker Hannifin's financial statements. These drivers represent accounts that assess Parker Hannifin's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Parker Hannifin's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap23.5B39.6B31.6B50.1B64.4B67.6B
Enterprise Value31.3B45.5B42.6B62.2B74.5B78.2B

Parker Hannifin ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Parker Hannifin's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Parker Hannifin's managers, analysts, and investors.
Environmental
Governance
Social

Parker Fundamentals

About Parker Hannifin Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Parker Hannifin's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Parker Hannifin using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Parker Hannifin based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Check out Parker Hannifin Piotroski F Score and Parker Hannifin Altman Z Score analysis.
For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.07
Dividend Share
6.22
Earnings Share
22.16
Revenue Per Share
155.467
Quarterly Revenue Growth
0.012
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.