World Kinect Corporation (WKC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 210,700 | 165,500 | 166,500 | 196,800 | 198,100 | 292,200 | 319,200 | 296,500 | 273,200 | 226,800 | 168,200 | 146,300 | 142,600 | 126,600 | 123,700 | 104,700 | 137,900 | 182,000 | 236,800 | 300,100 |
| Total assets | US$ in thousands | 6,731,800 | 6,984,600 | 7,189,200 | 7,174,400 | 7,375,300 | 7,483,100 | 6,961,900 | 7,485,800 | 8,164,600 | 7,970,300 | 8,795,700 | 7,968,000 | 5,942,400 | 5,544,300 | 5,249,800 | 4,925,400 | 4,500,300 | 4,392,300 | 4,881,000 | 5,498,900 |
| Operating ROA | 3.13% | 2.37% | 2.32% | 2.74% | 2.69% | 3.90% | 4.58% | 3.96% | 3.35% | 2.85% | 1.91% | 1.84% | 2.40% | 2.28% | 2.36% | 2.13% | 3.06% | 4.14% | 4.85% | 5.46% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $210,700K ÷ $6,731,800K
= 3.13%
World Kinect Corporation's operating return on assets (operating ROA) has shown fluctuations over the past years. The operating ROA decreased from 5.46% as of March 31, 2020, to 2.13% as of March 31, 2021, indicating a decline in the company's operating efficiency in generating profits from its assets during this period.
Subsequently, there was a slight improvement in operating ROA from June 30, 2021, to December 31, 2021, reaching 2.40%. However, there was a decrease in the operating ROA to 1.84% as of March 31, 2022.
From March 31, 2022, to March 31, 2024, the operating ROA fluctuated within a range between 1.84% and 4.58%. Notably, there was a significant increase in operating ROA from March 31, 2023, reaching its highest point during the period.
Overall, the trend in operating ROA for World Kinect Corporation indicates varying levels of efficiency in utilizing its assets to generate operating profits. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational performance and financial health.