WW Grainger Inc (GWW)
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 | 1,829,000 | 1,818,000 | 1,768,000 | 1,669,000 | 1,547,000 | 1,446,000 | 1,317,000 | 1,171,000 | 1,043,000 | 928,000 | 871,000 | 760,000 | 695,000 | 630,000 | 623,000 | 769,000 | 849,000 | 955,000 | 826,000 | 803,000 |
| Total assets | US$ in thousands | 8,147,000 | 8,140,000 | 8,031,000 | 7,825,000 | 7,588,000 | 7,201,000 | 7,049,000 | 6,993,000 | 6,592,000 | 6,390,000 | 6,462,000 | 6,333,000 | 6,295,000 | 6,583,000 | 7,194,000 | 7,177,000 | 6,005,000 | 5,922,000 | 5,992,000 | 6,014,000 |
| ROA | 22.45% | 22.33% | 22.01% | 21.33% | 20.39% | 20.08% | 18.68% | 16.75% | 15.82% | 14.52% | 13.48% | 12.00% | 11.04% | 9.57% | 8.66% | 10.71% | 14.14% | 16.13% | 13.79% | 13.35% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,829,000K ÷ $8,147,000K
= 22.45%
The Return on Assets (ROA) of W.W. Grainger Inc. has shown a consistent upward trend over the last eight quarters, indicating improved efficiency in generating profits relative to its total assets. The ROA increased from 16.75% in Q1 2022 to 22.45% in Q4 2023, reflecting the company's ability to generate more earnings from its asset base. This significant improvement suggests effective management of assets to drive profitability. Overall, the increasing trend in ROA demonstrates W.W. Grainger Inc.'s enhanced operational performance and financial health.