Fastenal Company (FAST)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,150,600 | 1,155,000 | 1,086,900 | 925,000 | 859,100 |
| Total assets | US$ in thousands | 4,698,000 | 4,462,900 | 4,548,600 | 4,299,000 | 3,964,700 |
| ROA | 24.49% | 25.88% | 23.90% | 21.52% | 21.67% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,150,600K ÷ $4,698,000K
= 24.49%
Fastenal Company's return on assets (ROA) has shown a positive trend over the years, starting at 21.67% on December 31, 2020, and reaching 24.49% by December 31, 2024. This indicates that the company has been effective in generating profits relative to its total assets. The increase in ROA from 2020 to 2024 suggests improved asset utilization and/or profitability. In 2023, Fastenal achieved a peak ROA of 25.88%, indicating efficient management of assets to generate earnings. Overall, Fastenal Company's ROA performance demonstrates consistent profitability and effective asset utilization over the years, reflecting positively on the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024