Fastenal Company (FAST)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,348,800 | 3,466,600 | 3,380,800 | 3,270,600 | 3,163,200 | 3,161,200 | 3,178,700 | 3,142,000 | 3,042,200 | 2,964,700 | 2,880,800 | 2,786,700 | 2,733,200 | 2,885,600 | 2,783,000 | 2,656,600 | 2,665,600 | 2,585,700 | 2,503,700 | 2,397,200 |
| ROE | 34.49% | 32.72% | 33.23% | 34.01% | 34.36% | 33.93% | 32.45% | 31.32% | 30.41% | 30.02% | 30.13% | 31.12% | 31.43% | 29.17% | 29.96% | 30.09% | 29.67% | 30.20% | 30.56% | 32.19% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,155,000K ÷ $3,348,800K
= 34.49%
Fastenal Co.'s return on equity (ROE) has been consistently strong and relatively stable over the past eight quarters, ranging from 31.32% to 34.49%. This indicates that the company is effectively generating profit from the shareholders' equity invested in the business. The upward trend in ROE from Q1 2022 to Q4 2023 suggests a positive performance in utilizing shareholder funds to generate returns. Fastenal Co.'s ability to maintain ROE above 30% demonstrates efficient management of the company's assets and an effective profitability strategy. Overall, the stable and high ROE reflects positively on the company's financial performance and potentially its competitive position within the industry.
Peer comparison
Dec 31, 2023