Costco Wholesale Corp (COST)
Return on assets (ROA)
| Sep 1, 2024 | May 12, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,367,000 | 7,173,000 | 6,794,000 | 6,517,000 | 6,292,000 | 6,000,000 | 6,051,000 | 5,884,000 | 5,844,000 | 5,646,000 | 5,513,000 | 5,165,000 | 5,007,000 | 4,726,000 | 4,344,000 | 4,324,000 | 4,002,000 | 3,710,000 | 3,778,000 | 3,736,000 |
| Total assets | US$ in thousands | 69,831,000 | 67,911,000 | 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 |
| ROA | 10.55% | 10.56% | 10.24% | 8.84% | 9.12% | 8.99% | 9.05% | 8.91% | 9.11% | 8.84% | 8.74% | 8.05% | 8.45% | 8.25% | 7.91% | 7.18% | 7.20% | 7.17% | 7.74% | 7.26% |
September 1, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,367,000K ÷ $69,831,000K
= 10.55%
The Return on Assets (ROA) for Costco Wholesale Corp has shown a generally positive trend over the past few years, ranging from 7.18% to 10.56%. The company's ability to generate profits from its assets has been relatively stable, with the highest ROA recorded at 10.56% in May 12, 2024.
The consistent ROA performance indicates that Costco is effectively using its assets to generate earnings. Investors and stakeholders may view this positively as it demonstrates the company's efficiency in utilizing its resources to generate profits. However, there was a slight decrease in ROA from May 12, 2024 to Sep 1, 2024, which should be monitored to ensure it does not become a negative trend.
Overall, Costco's ROA reflects a sound financial health and efficient asset management, which bodes well for the company's profitability and potential growth prospects.
Peer comparison
Sep 1, 2024
See also:
Costco Wholesale Corp Return on Assets (ROA) (Quarterly Data)