Costco Wholesale Corp (COST)
Operating return on assets (Operating ROA)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,506,000 | 8,347,000 | 8,114,000 | 7,830,000 | 7,942,000 | 7,851,000 | 7,793,000 | 7,571,000 | 7,443,000 | 6,971,000 | 6,708,000 | 6,362,000 | 5,878,000 | 5,804,000 | 5,435,000 | 4,969,000 | 4,912,000 | 4,849,000 | 4,737,000 | 4,720,000 |
| Total assets | US$ in thousands | 66,323,000 | 73,723,000 | 68,994,000 | 66,752,000 | 66,848,000 | 66,027,000 | 64,166,000 | 63,852,000 | 63,078,000 | 64,149,000 | 59,268,000 | 57,274,000 | 54,918,000 | 60,217,000 | 55,556,000 | 51,732,000 | 48,782,000 | 51,431,000 | 45,400,000 | 43,752,000 |
| Operating ROA | 12.83% | 11.32% | 11.76% | 11.73% | 11.88% | 11.89% | 12.15% | 11.86% | 11.80% | 10.87% | 11.32% | 11.11% | 10.70% | 9.64% | 9.78% | 9.61% | 10.07% | 9.43% | 10.43% | 10.79% |
February 18, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,506,000K ÷ $66,323,000K
= 12.83%
Costco Wholesale Corp's operating return on assets (ROA) has shown a consistent and generally positive trend over the past several quarters. The operating ROA has ranged from 9.43% to 12.83% during the period under review. This indicates that for each dollar of assets, Costco is generating operating profits ranging from 9.43 cents to 12.83 cents.
The operating ROA peaked at 12.83% in February 2024, showing the company's ability to efficiently generate operating profits relative to its asset base. On average, Costco's operating ROA has been around 11%, demonstrating strong operational performance and efficiency in utilizing its assets to generate profits.
Overall, Costco's operating ROA results reflect the company's solid operational performance and efficiency in managing its assets to generate profits during the period analyzed. It is essential for investors and stakeholders to monitor this ratio consistently to assess Costco's operational efficiency and profitability.
Peer comparison
Feb 18, 2024