Fastenal Company (FAST)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,510,000 | 1,528,700 | 1,453,600 | 1,217,400 | 1,141,800 |
| Total assets | US$ in thousands | 4,698,000 | 4,462,900 | 4,548,600 | 4,299,000 | 3,964,700 |
| Operating ROA | 32.14% | 34.25% | 31.96% | 28.32% | 28.80% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,510,000K ÷ $4,698,000K
= 32.14%
Fastenal Company's operating return on assets (Operating ROA) has shown positive growth over the years. From 2020 to 2024, the Operating ROA improved steadily from 28.80% to 32.14%. This upward trend indicates that Fastenal has been able to generate increasing operating income relative to its total assets, reflecting efficient asset utilization and operational performance.
The most significant increase in Operating ROA was observed between December 31, 2022, and December 31, 2023, when it jumped from 31.96% to 34.25%, showcasing a notable improvement in the company's ability to generate operating income per dollar of assets employed.
Overall, the consistent improvement in Fastenal Company's Operating ROA suggests effective management of assets and operations, which is crucial for sustained profitability and long-term financial success.
Peer comparison
Dec 31, 2024