WESCO International Inc (WCC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 765,500 | 860,500 | 465,382 | 100,560 | 223,426 |
| Total assets | US$ in thousands | 15,060,900 | 14,811,700 | 12,617,700 | 11,880,200 | 5,017,640 |
| ROA | 5.08% | 5.81% | 3.69% | 0.85% | 4.45% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $765,500K ÷ $15,060,900K
= 5.08%
The return on assets (ROA) of Wesco International, Inc. has fluctuated over the past five years. In 2023, the ROA decreased to 4.70% from 5.42% in 2022, indicating a decline in the company's ability to generate profits from its assets. Despite this decrease, the ROA in 2023 remains higher than the levels observed in 2021 and 2020, which were 3.23% and 0.59%, respectively.
In comparison to 2019 when the ROA was 4.45%, the current ROA of 4.70% in 2023 represents a slight improvement. It is essential for Wesco International to continue monitoring and enhancing its asset utilization efficiency to maintain or improve its return on assets over time.
Peer comparison
Dec 31, 2023