World Kinect Corporation (WKC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 67,400 | 52,900 | 114,100 | 73,700 | 109,600 |
| Total assets | US$ in thousands | 6,731,800 | 7,375,300 | 8,164,600 | 5,942,400 | 4,500,300 |
| ROA | 1.00% | 0.72% | 1.40% | 1.24% | 2.44% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $67,400K ÷ $6,731,800K
= 1.00%
World Kinect Corporation's return on assets (ROA) has shown some fluctuations over the years. Starting at 2.44% on December 31, 2020, the ROA declined to 1.24% by December 31, 2021. However, there was a slight improvement in ROA to 1.40% by December 31, 2022 before experiencing a drop to 0.72% on December 31, 2023. The ROA rebounded slightly to 1.00% by December 31, 2024.
The trend indicates that World Kinect Corporation's ability to generate profits from its assets has been somewhat inconsistent over the years. It is essential for the company to closely monitor its asset utilization and profitability ratios to ensure sustainable performance in the future.