Fastenal Company (FAST)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,528,600 | 1,507,700 | 1,500,200 | 1,488,700 | 1,453,500 | 1,421,500 | 1,360,700 | 1,295,100 | 1,217,400 | 1,180,900 | 1,152,600 | 1,150,800 | 1,141,800 | 1,116,300 | 1,108,100 | 1,067,100 | 1,057,200 | 1,051,700 | 1,032,100 | 1,026,100 |
| Total assets | US$ in thousands | 4,462,900 | 4,596,600 | 4,576,800 | 4,577,000 | 4,548,600 | 4,627,400 | 4,592,300 | 4,466,700 | 4,299,000 | 4,222,500 | 4,166,600 | 4,074,400 | 3,964,700 | 4,108,600 | 4,085,200 | 3,934,700 | 3,799,900 | 3,814,200 | 3,756,400 | 3,651,800 |
| Operating ROA | 34.25% | 32.80% | 32.78% | 32.53% | 31.95% | 30.72% | 29.63% | 28.99% | 28.32% | 27.97% | 27.66% | 28.24% | 28.80% | 27.17% | 27.12% | 27.12% | 27.82% | 27.57% | 27.48% | 28.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,528,600K ÷ $4,462,900K
= 34.25%
Fastenal Co.'s operating return on assets (operating ROA) has shown a positive trend over the past eight quarters, indicating the company's ability to generate profit from its operational activities relative to its asset base. The operating ROA has steadily increased from 28.99% in Q1 2022 to 34.25% in Q4 2023. This improvement suggests that Fastenal Co. has been effectively utilizing its assets to generate operating income, demonstrating efficient operational management. Overall, the increasing trend in operating ROA reflects positively on the company's operational performance and efficiency in converting assets into profits.
Peer comparison
Dec 31, 2023