TRTFX Company Profile and Key Details

Over the trailing twelve months, T Rowe Price Target Retirement 2060 Fund generated $3.57B in revenue, or $5.33 per share. Gross margin was 10.22%, operating margin -0.61%, and net profit margin 4.89%. Returns are modest, with ROA at 0.77% and ROE at 2.23%.
On valuation metrics, T Rowe Price Target Retirement 2060 Fund trades at a P/E of 295.24, P/S of 0.23 and P/B of 0.00. The current ratio is 1.04 and quick ratio is 0.93. Operationally, the company’s inventory turnover is 4.26 and cash conversion cycle is -20.28 days , indicating it collects cash faster than it pays suppliers. Debt-to-equity is 0.78, supported by a cash flow-to-debt ratio of 0.02.

For the quarter ended Dec 31, 2023, T Rowe Price Target Retirement 2060 Fund posted revenue of $3.57B, down slightly from $2.98B in the prior quarter. Gross profit was $364.48M (margin 10.22%). Operating income was - $21.89M (margin -0.6%). Net income was$174.57M (EPS $0.26).
The company ended the quarter with $2.72B in cash and short-term investments, a total debt of $0.00, and net debt of - $2.72B. Total assets were $22.77B, with equity of $10.19B. Financials further reflected weakness, with operating cash flow of - $272.58M, free cash flow of - $484.44M, and capital expenditures of - $211.86M.