Costco Wholesale Corp (COST)
Return on assets (ROA)
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,367,000 | 6,292,000 | 5,844,000 | 5,007,000 | 4,002,000 |
| Total assets | US$ in thousands | 69,831,000 | 68,994,000 | 64,166,000 | 59,268,000 | 55,556,000 |
| ROA | 10.55% | 9.12% | 9.11% | 8.45% | 7.20% |
September 1, 2024 calculation
ROA = Net income ÷ Total assets
= $7,367,000K ÷ $69,831,000K
= 10.55%
Costco Wholesale Corp has shown a positive trend in its return on assets (ROA) over the past five years, indicating the company's ability to efficiently generate profit from its total assets. The ROA has steadily increased from 7.20% in 2020 to 10.55% in 2024, reflecting an improving profitability performance. This suggests that Costco is effectively utilizing its assets to generate income for shareholders. The consistent growth in ROA demonstrates the company's strong operational efficiency and effective management of its asset base over the years. Overall, Costco has shown a solid performance in terms of generating profit relative to its total assets.
Peer comparison
Sep 1, 2024