Costco Wholesale Corp (COST)
Operating return on assets (Operating ROA)
| Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,114,000 | 7,793,000 | 6,708,000 | 5,435,000 | 4,737,000 |
| Total assets | US$ in thousands | 68,994,000 | 64,166,000 | 59,268,000 | 55,556,000 | 45,400,000 |
| Operating ROA | 11.76% | 12.15% | 11.32% | 9.78% | 10.43% |
September 3, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $8,114,000K ÷ $68,994,000K
= 11.76%
Based on the data provided, Costco Wholesale Corp's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. The operating ROA was 11.76% as of September 3, 2023, a slight decrease from the 12.15% recorded on August 28, 2022. However, compared to the 11.32% in 2021 and 9.78% in 2020, the current operating ROA appears relatively strong. The 2019 figure of 10.43% sits between the highest and lowest points of the observed period.
Overall, the company's operating ROA reflects its ability to generate operating income from its assets, and the recent data suggests that Costco has been effectively utilizing its assets to generate operating profits. However, it's important to consider other financial metrics and industry benchmarks to gain a more comprehensive understanding of Costco's financial performance.
Peer comparison
Sep 3, 2023