WESCO International Inc (WCC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 660,200 | 765,500 | 860,500 | 465,400 | 100,560 |
| Total assets | US$ in thousands | 15,061,400 | 15,060,900 | 14,811,700 | 12,617,700 | 11,880,200 |
| ROA | 4.38% | 5.08% | 5.81% | 3.69% | 0.85% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $660,200K ÷ $15,061,400K
= 4.38%
Based on the data provided, WESCO International Inc's return on assets (ROA) has shown a positive trend over the years, increasing from 0.85% on December 31, 2020, to 4.38% on December 31, 2024. This indicates that the company has been able to generate a higher level of net income relative to its total assets over the period under review. The ROA of 5.81% on December 31, 2022, represents the peak performance during this period.
The increasing trend in ROA suggests that WESCO International Inc has been effectively utilizing its assets to generate profits, which is a positive sign for investors and stakeholders. However, the slight dip in ROA to 4.38% in 2024 compared to the previous year should be monitored to ensure continued efficiency in asset utilization. Overall, the improving ROA reflects positively on the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024