World Kinect Corporation (WKC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,948,700 | 2,044,400 | 2,032,300 | 1,952,000 | 1,943,000 | 1,968,300 | 1,959,100 | 2,008,300 | 1,984,900 | 1,939,700 | 1,915,700 | 1,941,400 | 1,912,700 | 1,919,700 | 1,946,200 | 1,939,500 | 1,909,300 | 1,916,000 | 1,815,000 | 1,846,400 |
| ROE | 3.46% | 6.57% | 6.68% | 2.94% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $67,400K ÷ $1,948,700K
= 3.46%
The return on equity (ROE) of World Kinect Corporation has varied over the different time periods provided. From March 31, 2020, to September 30, 2020, the ROE ranged between 7.49% to 9.92%, indicating a relatively healthy performance. However, from December 31, 2020, to December 31, 2021, the ROE declined to the range of 3.85% to 5.74%, which may suggest a decrease in profitability or efficient use of shareholder equity.
Subsequently, from March 31, 2022, to June 30, 2024, the ROE fluctuated between 2.94% to 6.68%, showing some degree of inconsistency in the company's ability to generate returns for its shareholders. The latest data available as of December 31, 2024, indicates a ROE of 3.46%, which is lower compared to the earlier periods and suggests the need for further analysis into the company's financial and operational performance.
In conclusion, the trend in World Kinect Corporation's ROE indicates some fluctuations and a downward trend in recent periods, which may require a closer examination of the company's profitability, efficiency, and overall financial health.