PROCTER & GAMBLE Co 10-K form for the fiscal year ended 2024-06-30, page 36: 
36 The Procter & Gamble Company



Consolidated Statements of Earnings
|    |                                                                          |        |        |      |        |      |        |        |    |        |
|---:|:-------------------------------------------------------------------------|:-------|:-------|:-----|:-------|:-----|:-------|:-------|:---|:-------|
|  1 | Amounts in millions except per share amounts; fiscal years ended June 30 | 2024   |        | 2023 |        | 2022 |        |        |    |        |
|  2 | NET SALES                                                                | $      | 84,039 |      |        | $    | 82,006 |        | $  | 80,187 |
|  3 | Cost of products sold                                                    | 40,848 |        |      | 42,760 |      |        | 42,157 |    |        |
|  4 | Selling, general and administrative expense                              | 23,305 |        |      | 21,112 |      |        | 20,217 |    |        |
|  5 | Indefinite-lived intangible asset impairment charge                      | 1,341  |        |      | -      |      |        | -      |    |        |
|  6 | OPERATING INCOME                                                         | 18,545 |        |      | 18,134 |      |        | 17,813 |    |        |
|  7 | Interest expense                                                         | (925)  |        |      | (756)  |      |        | (439)  |    |        |
|  8 | Interest income                                                          | 473    |        |      | 307    |      |        | 51     |    |        |
|  9 | Other non-operating income, net                                          | 668    |        |      | 668    |      |        | 570    |    |        |
| 10 | EARNINGS BEFORE INCOME TAXES                                             | 18,761 |        |      | 18,353 |      |        | 17,995 |    |        |
| 11 | Income taxes                                                             | 3,787  |        |      | 3,615  |      |        | 3,202  |    |        |
| 14 | NET EARNINGS                                                             | 14,974 |        |      | 14,738 |      |        | 14,793 |    |        |
| 15 | Less: Net earnings attributable to noncontrolling interests              | 95     |        |      | 85     |      |        | 51     |    |        |
| 16 | NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE                            | $      | 14,879 |      |        | $    | 14,653 |        | $  | 14,742 |
| 18 | NET EARNINGS PER COMMON SHARE (1)                                        |        |        |      |        |      |        |        |    |        |
| 19 | Basic                                                                    | $      | 6.18   |      |        | $    | 6.07   |        | $  | 6.00   |
| 23 | Diluted                                                                  | $      | 6.02   |      |        | $    | 5.90   |        | $  | 5.81   |
(1)Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.

Consolidated Statements of Comprehensive Income
|    |                                                                                                                     |        |        |      |        |      |        |         |    |        |
|---:|:--------------------------------------------------------------------------------------------------------------------|:-------|:-------|:-----|:-------|:-----|:-------|:--------|:---|:-------|
|  1 | Amounts in millions; fiscal years ended June 30                                                                     | 2024   |        | 2023 |        | 2022 |        |         |    |        |
|  2 | NET EARNINGS                                                                                                        | $      | 14,974 |      |        | $    | 14,738 |         | $  | 14,793 |
|  3 | OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX                                                                       |        |        |      |        |      |        |         |    |        |
|  4 | Foreign currency translation (net of tax (benefit)/expense of $66, $(197) and $515, respectively)                   | (226)  |        |      | (71)   |      |        | (1,450) |    |        |
|  5 | Unrealized gains/(losses) on investment securities(net of tax (benefit)/expense of $(1), $(2) and $1, respectively) | (3)    |        |      | (7)    |      |        | 5       |    |        |
|  6 | Unrealized gains on defined benefit postretirement plans(net of tax expense of $230, $9 and $1,022, respectively)   | 546    |        |      | 40     |      |        | 2,992   |    |        |
|  7 | TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX                                                                 | 317    |        |      | (38)   |      |        | 1,547   |    |        |
|  8 | TOTAL COMPREHENSIVE INCOME                                                                                          | 15,291 |        |      | 14,700 |      |        | 16,340  |    |        |
|  9 | Less: Comprehensive income attributable to noncontrolling interests                                                 | 92     |        |      | 78     |      |        | 43      |    |        |
| 10 | TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE                                                         | $      | 15,199 |      |        | $    | 14,622 |         | $  | 16,297 |

See accompanying Notes to Consolidated Financial Statements. 





, PROCTER & GAMBLE Co 10-K form for the fiscal year ended 2024-06-30, page 37: 
The Procter & Gamble Company 37



Consolidated Balance Sheets
|    |                                                                                                                   |           |         |      |           |    |         |
|---:|:------------------------------------------------------------------------------------------------------------------|:----------|:--------|:-----|:----------|:---|:--------|
|  1 | Amounts in millions except stated values; as of June 30                                                           | 2024      |         | 2023 |           |    |         |
|  2 | Assets                                                                                                            |           |         |      |           |    |         |
|  3 | CURRENT ASSETS                                                                                                    |           |         |      |           |    |         |
|  4 | Cash and cash equivalents                                                                                         | $         | 9,482   |      |           | $  | 8,246   |
|  5 | Accounts receivable                                                                                               | 6,118     |         |      | 5,471     |    |         |
|  6 | INVENTORIES                                                                                                       |           |         |      |           |    |         |
|  7 | Materials and supplies                                                                                            | 1,617     |         |      | 1,863     |    |         |
|  8 | Work in process                                                                                                   | 929       |         |      | 956       |    |         |
|  9 | Finished goods                                                                                                    | 4,470     |         |      | 4,254     |    |         |
| 10 | Total inventories                                                                                                 | 7,016     |         |      | 7,073     |    |         |
| 11 | Prepaid expenses and other current assets                                                                         | 2,095     |         |      | 1,858     |    |         |
| 12 | TOTAL CURRENT ASSETS                                                                                              | 24,709    |         |      | 22,648    |    |         |
| 13 | PROPERTY, PLANT AND EQUIPMENT, NET                                                                                | 22,152    |         |      | 21,909    |    |         |
| 14 | GOODWILL                                                                                                          | 40,303    |         |      | 40,659    |    |         |
| 15 | TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET                                                                       | 22,047    |         |      | 23,783    |    |         |
| 16 | OTHER NONCURRENT ASSETS                                                                                           | 13,158    |         |      | 11,830    |    |         |
| 17 | TOTAL ASSETS                                                                                                      | $         | 122,370 |      |           | $  | 120,829 |
| 19 | Liabilities and Shareholders' Equity                                                                              |           |         |      |           |    |         |
| 20 | CURRENT LIABILITIES                                                                                               |           |         |      |           |    |         |
| 21 | Accounts payable                                                                                                  | $         | 15,364  |      |           | $  | 14,598  |
| 22 | Accrued and other liabilities                                                                                     | 11,073    |         |      | 10,929    |    |         |
| 23 | Debt due within one year                                                                                          | 7,191     |         |      | 10,229    |    |         |
| 24 | TOTAL CURRENT LIABILITIES                                                                                         | 33,627    |         |      | 35,756    |    |         |
| 25 | LONG-TERM DEBT                                                                                                    | 25,269    |         |      | 24,378    |    |         |
| 26 | DEFERRED INCOME TAXES                                                                                             | 6,516     |         |      | 6,478     |    |         |
| 27 | OTHER NONCURRENT LIABILITIES                                                                                      | 6,398     |         |      | 7,152     |    |         |
| 28 | TOTAL LIABILITIES                                                                                                 | 71,811    |         |      | 73,764    |    |         |
| 29 | SHAREHOLDERS' EQUITY                                                                                              |           |         |      |           |    |         |
| 30 | Convertible Class A preferred stock, stated value $1 per share (600 shares authorized)                            | 798       |         |      | 819       |    |         |
| 31 | Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized)                             | -         |         |      | -         |    |         |
| 32 | Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2024 - 4,009.2, 2023 - 4,009.2) | 4,009     |         |      | 4,009     |    |         |
| 33 | Additional paid-in capital                                                                                        | 67,684    |         |      | 66,556    |    |         |
| 34 | Reserve for ESOP debt retirement                                                                                  | (737)     |         |      | (821)     |    |         |
| 35 | Accumulated other comprehensive loss                                                                              | (11,900)  |         |      | (12,220)  |    |         |
| 36 | Treasury stock (shares held: 2024 - 1,652.2; 2023 - 1,647.1)                                                      | (133,379) |         |      | (129,736) |    |         |
| 37 | Retained earnings                                                                                                 | 123,811   |         |      | 118,170   |    |         |
| 38 | Noncontrolling interest                                                                                           | 272       |         |      | 288       |    |         |
| 39 | TOTAL SHAREHOLDERS' EQUITY                                                                                        | 50,559    |         |      | 47,065    |    |         |
| 40 | TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                                                        | $         | 122,370 |      |           | $  | 120,829 |

See accompanying Notes to Consolidated Financial Statements. 







Question: Analyse the profitability for years 2024 and 2023 of Procter & Gamble Co using ratio analysis
Answer: Profitability Ratio Analysis for Procter & Gamble (P&G) in 2023 and 2024
Gross Profit Margin:
2024: 51.4%
2023: 47.6%

Operating Profit Margin:
2024: 22.1%
2023: 22.1%

Net Profit Margin:
2024: 17.7%
2023: 17.9%


Return on Equity (ROE):
2024: 30.5%
2023: 31.2%

Analysis:
In 2024, Procter & Gamble continued to exhibit strong profitability, despite minor fluctuations in certain metrics. The slight decline in the gross profit margin, sable operating margin, suggests effective cost management and operational efficiency. The decrease in the net profit margin, while small, points to potential increased non-operating costs. However, the improvements in ROA and ROE highlight enhanced efficiency and value creation for shareholders. Overall, P&G's profitability remains robust, reflecting its strong market position and effective financial management.