World Kinect Corporation (WKC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 2.22% | 2.23% | 2.17% | 1.90% | 1.84% | 1.85% | 1.88% | 2.19% | 2.52% | 2.83% | 3.40% | 4.29% | 4.18% | 3.89% | 3.57% | 3.10% | 3.02% | 2.90% | 2.72% | 2.61% |
| Operating profit margin | 0.42% | 0.59% | 0.60% | 0.50% | 0.46% | 0.41% | 0.35% | 0.39% | 0.46% | 0.49% | 0.56% | 0.57% | 0.68% | 0.73% | 0.79% | 0.83% | 0.81% | 0.81% | 0.74% | 0.70% |
| Pretax margin | 0.14% | 0.28% | 0.29% | 0.23% | 0.24% | 0.25% | 0.22% | 0.28% | 0.32% | 0.30% | 0.69% | 0.72% | 0.79% | 0.88% | 0.61% | 0.67% | 0.64% | 0.59% | 0.55% | 0.50% |
| Net profit margin | 0.11% | 0.22% | 0.22% | 0.19% | 0.19% | 0.20% | 0.18% | 0.21% | 0.24% | 0.21% | 0.52% | 0.48% | 0.54% | 0.68% | 0.46% | 0.51% | 0.49% | 0.41% | 0.37% | 0.34% |
World Kinect Corp's profitability ratios have shown fluctuations over the past eight quarters. The gross profit margin has ranged between 1.84% and 2.23%, with a slight increase in Q4 2023 compared to the previous quarter. The operating profit margin has also varied between 0.36% and 0.60%, with a peak in Q3 2023. However, the pretax margin has been relatively stable around 0.23% to 0.28% range, except for a slight increase in Q3 2023. The net profit margin has shown similar stability, ranging from 0.18% to 0.22%, with a minor dip in Q4 2023.
Overall, World Kinect Corp's profitability ratios indicate a consistent but modest level of profitability, with room for improvement in achieving higher margins. Continued monitoring and potential strategic adjustments may be necessary to enhance overall profitability in the future.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 5.00% | 5.22% | 4.99% | 4.76% |
| Return on assets (ROA) | 0.72% | 1.45% | 1.67% | 1.48% | 1.40% | 1.36% | 1.00% | 1.02% | 1.24% | 0.98% | 2.19% | 1.77% | 2.44% | 3.86% | 2.78% | 3.33% | 2.99% | 2.62% | 2.47% | 2.33% |
| Return on total capital | 10.37% | 14.24% | 15.26% | 13.65% | 13.13% | 11.78% | 9.19% | 8.11% | 7.67% | 6.53% | 10.19% | 9.05% | 11.02% | 14.22% | 13.59% | 17.17% | 16.67% | 16.49% | 16.29% | 14.93% |
| Return on equity (ROE) | 2.72% | 5.51% | 5.93% | 5.51% | 5.75% | 5.60% | 4.59% | 4.18% | 3.85% | 2.84% | 5.90% | 4.49% | 5.74% | 8.86% | 7.49% | 9.92% | 9.46% | 8.25% | 7.89% | 7.27% |
World Kinect Corp's profitability ratios have shown variability over the past eight quarters.
Operating return on assets (Operating ROA) has generally been increasing, indicating that the company is effectively generating profit from its assets. However, there was a slight dip in Q1 2023. This suggests that the company's operational performance has been improving, but there may have been some challenges in the most recent quarter.
Return on assets (ROA) has also exhibited fluctuation, with the highest value recorded in Q3 2023. This ratio measures the company's ability to generate profit from its total assets, and the variability indicates potential changes in asset utilization and operational efficiency over time.
Return on total capital and Return on equity (ROE) have followed a similar pattern, showing an overall increasing trend. These ratios reflect the company's ability to generate profit relative to its total capital and shareholders' equity, respectively. The increasing trend suggests that the company is becoming more efficient in utilizing its capital and generating returns for its stakeholders.
In general, World Kinect Corp's profitability ratios indicate improvement in operational efficiency and performance, although there has been some variability in the short term. It is important for stakeholders to monitor these ratios consistently to track the company's financial health and performance over time.