World Kinect Corporation (WKC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 67,400 | 134,400 | 135,800 | 57,400 | 52,800 | 108,500 | 116,100 | 110,600 | 114,100 | 108,700 | 87,900 | 81,100 | 73,700 | 54,600 | 114,900 | 87,100 | 109,600 | 169,700 | 135,900 | 183,100 |
| 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 |
| ROA | 1.00% | 1.92% | 1.89% | 0.80% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $67,400K ÷ $6,731,800K
= 1.00%
World Kinect Corporation's return on assets (ROA) has shown fluctuations over the past few years. The ROA ranged from a high of 3.86% in September 30, 2020, to a low of 0.72% in December 31, 2023. The trend in ROA indicates that the company's ability to generate earnings from its assets has been somewhat inconsistent.
It is noteworthy that the ROA experienced a decline in the early years, dropping to 1.02% in March 31, 2022, and then further decreasing to 0.72% by December 31, 2023. However, there was a notable improvement towards the middle of the observation period, with ROA increasing to 1.89% in June 30, 2024, showing potential for asset efficiency and profitability.
Overall, World Kinect Corporation's ROA trend suggests that the company may have faced challenges in effectively utilizing its assets to generate profits in certain periods, but there are signs of improvement in more recent years. Further analysis would be required to assess the underlying reasons for these fluctuations and to determine the sustainability of the upward trend observed in the latter part of the data series.