Fastenal Company (FAST)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,155,000 | 1,134,200 | 1,123,300 | 1,112,400 | 1,086,900 | 1,072,500 | 1,031,400 | 984,000 | 925,000 | 889,900 | 867,900 | 867,100 | 859,100 | 841,700 | 833,700 | 799,400 | 790,900 | 781,000 | 765,100 | 771,700 |
| 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 |
| ROA | 25.88% | 24.67% | 24.54% | 24.30% | 23.90% | 23.18% | 22.46% | 22.03% | 21.52% | 21.08% | 20.83% | 21.28% | 21.67% | 20.49% | 20.41% | 20.32% | 20.81% | 20.48% | 20.37% | 21.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,155,000K ÷ $4,462,900K
= 25.88%
To analyze Fastenal Co.'s return on assets (ROA) over the past eight quarters, we observe a generally positive trend in ROA performance. The ROA has been increasing steadily from 22.03% in Q1 2022 to 25.88% in Q4 2023. This indicates that the company has been more effective in generating profits relative to its total assets over time.
Fastenal Co.'s ability to generate higher ROA suggests efficient utilization of its assets to drive profitability. The consistent increase in ROA indicates effective management of assets to generate earnings. It also signifies potential improvements in operational efficiency and profitability.
Overall, the upward trend in Fastenal Co.'s ROA suggests a positive outlook for the company's financial performance and efficiency in utilizing its assets to create value for shareholders.
Peer comparison
Dec 31, 2023