Fastenal Company (FAST)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,510,000 | 1,519,000 | 1,517,600 | 1,525,600 | 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 |
| Total assets | US$ in thousands | 4,698,000 | 4,738,400 | 4,603,500 | 4,532,700 | 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 |
| Operating ROA | 32.14% | 32.06% | 32.97% | 33.66% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,510,000K ÷ $4,698,000K
= 32.14%
Operating ROA measures the efficiency of Fastenal Company in generating operating profits relative to its total assets. Based on the provided data, operating ROA has shown a positive trend over the analyzed period, starting at 27.12% as of March 31, 2020, and steadily increasing to 32.14% by December 31, 2024.
The company experienced fluctuations in operating ROA during the period, with some quarters showing slight decreases, but the overall trend indicates an improvement in the company's ability to generate operating profits from its asset base.
The highest operating ROA was recorded as 34.25% on December 31, 2023, indicating a peak in profitability relative to its assets. However, there was a slight decline in the subsequent quarters, ending at 32.14% on December 31, 2024.
Overall, the increasing trend in operating ROA reflects positively on Fastenal Company's operational efficiency and ability to utilize its assets effectively to generate profits.
Peer comparison
Dec 31, 2024