• Parker-Hannifin average return on equity for 2023 was 21.66, a 38.14% increase from 2022.
• Parker-Hannifin average return on equity for 2022 was 15.68, a 31.8% increase from 2021.
• Parker-Hannifin average return on equity for 2021 was 22.99, a 13.25% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.