RETURN statement in PL SQL

The use of the RETURN statement is unique to functions. The RETURN statement is used to return some value. In fact, the primary reason for storing a PL/SQL block as a function is to return this value—this is the purpose of the function. For example, if a function is meant to compute the total payments received so far from guest reservations booked on a cruise, then the function will do whatever it needs to do to arrive at this final value and use the RETURN statement at the end to send the result back to the function call.
If you attempt to compile a function that has no RETURN statement, you will succeed, and the function will be stored in the data dictionary with a status of VALID. However, when you attempt to execute the function, you will receive a message like this:
ORA-06503: PL/SQL: Function returned without value
ORA-06512: at “[schema.function_name]”, line 6
ORA-06512: at line 1
Therefore, it is the developer’s responsibility to remember the RETURN statement. The compilation process won’t remind you that it’s required.
The function processes its statements until the RETURN statement is reached. Once the RETURN statement is processed, the execution of the function will stop. Any statements that follow will be ignored, and control is returned to the calling source. Therefore, it is considered good design to make the RETURN statement the last executable statement. However, the parser does not require this. Your function will compile without any RETURN statement or with a RETURN statement that precedes other valid PL/SQL statements.