Costco Wholesale Corp (COST)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	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	3,659,000	3,605,000
Total stockholders’ equity	US$ in thousands	20,760,000	26,147,000	25,058,000	23,568,000	22,794,000	21,471,000	20,642,000	19,968,000	19,418,000	18,463,000	17,564,000	16,482,000	15,652,000	14,860,000	18,284,000	16,802,000	16,614,000	15,861,000	15,243,000	14,486,000
ROE		32.73%	24.92%	25.11%	25.46%	26.55%	27.40%	28.31%	28.28%	28.39%	27.97%	28.51%	28.67%	27.75%	29.10%	21.89%	22.08%	22.74%	23.55%	24.00%	24.89%

February 18, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,794,000K ÷ $20,760,000K
= 32.73%

Costco Wholesale Corp's return on equity (ROE) has shown a generally positive trend over the past few years, with fluctuations from quarter to quarter. The ROE has consistently been above 20%, indicating that the company efficiently uses shareholder equity to generate profits.

The latest ROE of 32.73% in February 18, 2024, represents a strong performance, suggesting that Costco is effectively leveraging its equity to generate returns for its shareholders. The ROE has been consistently above the industry average, reflecting Costco's strong financial health and efficient management of resources.

Overall, the trend in Costco's ROE indicates a profitable and well-managed company that is generating solid returns on the shareholders' investments. It is essential for investors to continue monitoring ROE along with other financial metrics to assess the company's performance and financial position accurately.