TRHRX Company Profile and Key Details

Over the trailing twelve months, T Rowe Price Target Retirement 2040 Fund generated $122.43B in revenue, or $16.87 per share. Gross margin was 59.06%, operating margin 21.38%, and net profit margin 11.59%. Returns are modest, with ROA at 2.57% and ROE at 7.70%.
On valuation metrics, T Rowe Price Target Retirement 2040 Fund trades at a P/E of 9.72, P/S of 0.00 and P/B of 0.00. Liquidity is tight, with a current ratio of 0.71 and quick ratio of 0.67. Operationally, the company’s inventory turnover is 23.02 and cash conversion cycle is -141.76 days , indicating it collects cash faster than it pays suppliers. Debt-to-equity is 1.53, supported by a cash flow-to-debt ratio of 0.24.

For the quarter ended Dec 31, 2023, T Rowe Price Target Retirement 2040 Fund posted revenue of $122.43B, down slightly from $181.19B in the prior quarter. Gross profit was $72.31B (margin 59.06%). Operating income was $26.17B (margin 21.4%). Net income was$14.19B (EPS $1.97).
The company ended the quarter with $12.13B in cash and short-term investments, a total debt of $0.00, and net debt of - $12.13B. Total assets were $551.67B, with equity of $201.93B. Financials further reflected stability, with operating cash flow of $48.67B, free cash flow of $29.03B, and capital expenditures of - $19.64B.