WESCO International Inc (WCC)
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 | 765,500 | 842,471 | 848,671 | 876,271 | 860,371 | 808,913 | 688,909 | 587,404 | 465,382 | 317,951 | 279,033 | 125,332 | 100,561 | 133,677 | 117,494 | 215,464 | 223,426 | 228,461 | 230,815 | 225,291 |
| Total assets | US$ in thousands | 15,060,900 | 15,168,600 | 15,162,700 | 14,971,200 | 14,811,700 | 14,080,600 | 13,863,300 | 13,185,000 | 12,617,700 | 12,481,000 | 12,299,100 | 11,878,300 | 11,880,200 | 11,868,300 | 11,732,000 | 5,230,960 | 5,017,640 | 5,047,410 | 5,067,940 | 4,984,640 |
| ROA | 5.08% | 5.55% | 5.60% | 5.85% | 5.81% | 5.74% | 4.97% | 4.46% | 3.69% | 2.55% | 2.27% | 1.06% | 0.85% | 1.13% | 1.00% | 4.12% | 4.45% | 4.53% | 4.55% | 4.52% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $765,500K ÷ $15,060,900K
= 5.08%
The return on assets (ROA) for Wesco International, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA stood at 4.70%, which was slightly lower compared to the previous quarter but relatively consistent with the ROA levels observed throughout the year. The peak ROA was recorded in Q1 2023 at 5.47%, indicating the company's ability to generate profit relative to its total assets was highest during that period.
Overall, Wesco International, Inc. has maintained a relatively stable ROA over the past year, with fluctuations within a narrow range of 4.02% to 5.47%. This suggests that the company has been effectively utilizing its assets to generate earnings, although there may be room for further improvement in optimizing asset efficiency to enhance profitability. It is advisable for stakeholders to continue monitoring the ROA trend in future quarters to assess the company's asset management effectiveness.
Peer comparison
Dec 31, 2023