World Kinect Corporation (WKC)
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 | 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 | 178,900 | 152,000 | 142,000 | 133,700 |
| Total assets | US$ in thousands | 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 | 5,992,400 | 5,797,500 | 5,751,200 | 5,733,200 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $52,800K ÷ $7,375,300K
= 0.72%
To analyze World Kinect Corp's return on assets (ROA) over the past eight quarters, we can observe a fluctuating trend. In Q4 2023, the ROA was 0.72%, which is significantly lower compared to the previous quarter where it stood at 1.45%. The ROA reached its highest point in Q2 2023 at 1.67% but slightly decreased in Q3 2023 to 1.48%.
Comparing the recent quarters to the same period in the prior year, World Kinect Corp's ROA has shown some variability. Despite the fluctuations, the ROA generally remained above 1%, indicating that the company is efficient in generating earnings from its assets.
It is essential for investors and stakeholders to closely monitor World Kinect Corp's ROA performance to assess the company's ability to generate profit relative to its total assets and to evaluate its overall operational efficiency and financial health.