Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Costco Wholesale Corp., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).

1 US$ in millions


Net Income Attributable to Costco
The net income demonstrated an overall upward trajectory from 2005 to 2024. Initially, net income was recorded at 1,063 million USD in 2005 and exhibited consistent growth with some fluctuations. Notably, there was a marked increase beginning in the early 2010s, advancing from 1,462 million USD in 2011 to 3,659 million USD in 2019. This positive momentum continued into the 2020s, reaching 7,367 million USD by 2024. The growth appears steady and robust, with occasional periods of accelerated gains, suggesting improving profitability or operational efficiency over time.
Total Assets
Total assets increased steadily over the period under review, expanding from 16,514 million USD in 2005 to 69,831 million USD in 2024. The asset base grew at a generally consistent pace, with notable expansions around the mid-2010s and a sharper increase from 2019 onward. This trend signifies ongoing investment and scaling of operations, reflecting potential capacity growth or acquisitions. The asset growth aligns with the increase in net income, indicating potentially productive use of the asset base.
Return on Assets (ROA)
Return on assets showed a generally positive and improving trend, beginning at 6.44% in 2005. Although there were minor dips and fluctuations, the ROA maintained an upward path and reached peak values in recent years. By 2024, the ROA had improved to 10.55%, reflecting increased efficiency in generating profits from the asset base. The rising ROA suggests enhanced management effectiveness and profitability relative to assets employed, highlighting better resource utilization over time.

Comparison to Competitors


Comparison to Sector (Consumer Staples Distribution & Retail)

Costco Wholesale Corp., ROA, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).


Comparison to Industry (Consumer Staples)