Fastenal Company (FAST)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,150,600 | 1,154,900 | 1,152,300 | 1,157,600 | 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 |
| 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 |
| ROA | 24.49% | 24.37% | 25.03% | 25.54% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,150,600K ÷ $4,698,000K
= 24.49%
Fastenal Company has shown a consistent improvement in its return on assets (ROA) over the past several years. The ROA has gradually increased from 20.32% in March 2020 to 24.49% in December 2024. This indicates that Fastenal has been effectively utilizing its assets to generate profits for the shareholders. The company's ability to generate higher returns on its assets suggests efficient management and operational performance. Overall, the increasing trend in ROA reflects positively on Fastenal's financial health and operational efficiency.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROA
Fastenal Company
FAST
24.49%
Sherwin-Williams Co
SHW
10.41%
Tractor Supply Company
TSCO
12.05%