Adjusted Ratios
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Adjusted Ratios (Summary)
Costco Wholesale Corp., adjusted ratios
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
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Activity | |||||||
Total Asset Turnover | |||||||
| Reported | ||||||
| Adjusted | ||||||
Liquidity | |||||||
Current Ratio | |||||||
| Reported | ||||||
| Adjusted | ||||||
Solvency | |||||||
Debt to Equity | |||||||
| Reported | ||||||
| Adjusted | ||||||
Debt to Capital | |||||||
| Reported | ||||||
| Adjusted | ||||||
Financial Leverage | |||||||
| Reported | ||||||
| Adjusted | ||||||
Profitability | |||||||
Net Profit Margin | |||||||
| Reported | % | % | % | % | % | % |
| Adjusted | % | % | % | % | % | % |
Return on Equity (ROE) | |||||||
| Reported | % | % | % | % | % | % |
| Adjusted | % | % | % | % | % | % |
Return on Assets (ROA) | |||||||
| Reported | % | % | % | % | % | % |
| Adjusted | % | % | % | % | % | % |
Ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Costco Wholesale Corp.'s adjusted total asset turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | Costco Wholesale Corp.'s adjusted current ratio deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017. |
Adjusted debt-to-equity ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total equity. | Costco Wholesale Corp.'s adjusted debt-to-equity ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Adjusted debt-to-capital ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. | Costco Wholesale Corp.'s adjusted debt-to-capital ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Costco Wholesale Corp.'s adjusted financial leverage declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
Adjusted net profit margin | An indicator of profitability, calculated as adjusted comprehensive income divided by total revenue. | Costco Wholesale Corp.'s adjusted net profit margin improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Adjusted ROE | A profitability ratio calculated as adjusted comprehensive income divided by adjusted total equity. | Costco Wholesale Corp.'s adjusted ROE improved from 2015 to 2016 and from 2016 to 2017. |
Adjusted ROA | A profitability ratio calculated as adjusted comprehensive income divided by adjusted total assets. | Costco Wholesale Corp.'s adjusted ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Adjusted Total Asset Turnover
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
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Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Net sales | ||||||
| Total assets | ||||||
Ratio | |||||||
| Total asset turnover^{1} | ||||||
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted total assets^{2} | ||||||
Ratio | |||||||
| Adjusted total asset turnover^{3} |
2017 Calculations
^{1} Total asset turnover = Net sales ÷ Total assets
= ÷ =
^{2} Adjusted total assets. See Details »
^{3} Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= ÷ =
Ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Costco Wholesale Corp.'s adjusted total asset turnover improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Adjusted Current Ratio
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Current assets | ||||||
| Current liabilities | ||||||
Ratio | |||||||
| Current ratio^{1} | ||||||
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted current assets^{2} | ||||||
Ratio | |||||||
| Adjusted current ratio^{3} |
2017 Calculations
^{1} Current ratio = Current assets ÷ Current liabilities
= ÷ =
^{2} Adjusted current assets. See Details »
^{3} Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= ÷ =
Ratio | Description | The company |
---|---|---|
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | Costco Wholesale Corp.'s adjusted current ratio deteriorated from 2015 to 2016 but then slightly improved from 2016 to 2017. |
Adjusted Debt to Equity
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Total debt | ||||||
| Total Costco stockholders' equity | ||||||
Ratio | |||||||
| Debt to equity^{1} | ||||||
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted total debt^{2} | ||||||
| Adjusted total equity^{3} | ||||||
Ratio | |||||||
| Adjusted debt to equity^{4} |
2017 Calculations
^{1} Debt to equity = Total debt ÷ Total Costco stockholders' equity
= ÷ =
^{2} Adjusted total debt. See Details »
^{3} Adjusted total equity. See Details »
^{4} Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= ÷ =
Ratio | Description | The company |
---|---|---|
Adjusted debt-to-equity ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total equity. | Costco Wholesale Corp.'s adjusted debt-to-equity ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Adjusted Debt to Capital
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Total debt | ||||||
| Total capital | ||||||
Ratio | |||||||
| Debt to capital^{1} | ||||||
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted total debt^{2} | ||||||
| Adjusted total capital^{3} | ||||||
Ratio | |||||||
| Adjusted debt to capital^{4} |
2017 Calculations
^{1} Debt to capital = Total debt ÷ Total capital
= ÷ =
^{2} Adjusted total debt. See Details »
^{3} Adjusted total capital. See Details »
^{4} Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= ÷ =
Ratio | Description | The company |
---|---|---|
Adjusted debt-to-capital ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. | Costco Wholesale Corp.'s adjusted debt-to-capital ratio improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017. |
Adjusted Financial Leverage
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Total assets | ||||||
| Total Costco stockholders' equity | ||||||
Ratio | |||||||
| Financial leverage^{1} | ||||||
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted total assets^{2} | ||||||
| Adjusted total equity^{3} | ||||||
Ratio | |||||||
| Adjusted financial leverage^{4} |
2017 Calculations
^{1} Financial leverage = Total assets ÷ Total Costco stockholders' equity
= ÷ =
^{2} Adjusted total assets. See Details »
^{3} Adjusted total equity. See Details »
^{4} Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= ÷ =
Ratio | Description | The company |
---|---|---|
Adjusted financial leverage | A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Costco Wholesale Corp.'s adjusted financial leverage declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level. |
Adjusted Net Profit Margin
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Net income attributable to Costco | ||||||
| Net sales | ||||||
Ratio | |||||||
| Net profit margin^{1} | % | % | % | % | % | % |
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted comprehensive income^{2} | ||||||
Ratio | |||||||
| Adjusted net profit margin^{3} | % | % | % | % | % | % |
2017 Calculations
^{1} Net profit margin = 100 × Net income attributable to Costco ÷ Net sales
= 100 × ÷ = %
^{2} Adjusted comprehensive income. See Details »
^{3} Adjusted net profit margin = 100 × Adjusted comprehensive income ÷ Net sales
= 100 × ÷ = %
Ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted comprehensive income divided by total revenue. | Costco Wholesale Corp.'s adjusted net profit margin improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |
Adjusted Return on Equity (ROE)
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Net income attributable to Costco | ||||||
| Total Costco stockholders' equity | ||||||
Ratio | |||||||
| ROE^{1} | % | % | % | % | % | % |
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted comprehensive income^{2} | ||||||
| Adjusted total equity^{3} | ||||||
Ratio | |||||||
| Adjusted ROE^{4} | % | % | % | % | % | % |
2017 Calculations
^{1} ROE = 100 × Net income attributable to Costco ÷ Total Costco stockholders' equity
= 100 × ÷ = %
^{2} Adjusted comprehensive income. See Details »
^{3} Adjusted total equity. See Details »
^{4} Adjusted ROE = 100 × Adjusted comprehensive income ÷ Adjusted total equity
= 100 × ÷ = %
Ratio | Description | The company |
---|---|---|
Adjusted ROE | A profitability ratio calculated as adjusted comprehensive income divided by adjusted total equity. | Costco Wholesale Corp.'s adjusted ROE improved from 2015 to 2016 and from 2016 to 2017. |
Adjusted Return on Assets (ROA)
Sep 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | Sep 1, 2013 | Sep 2, 2012 | ||
---|---|---|---|---|---|---|---|
Reported | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Net income attributable to Costco | ||||||
| Total assets | ||||||
Ratio | |||||||
| ROA^{1} | % | % | % | % | % | % |
Adjusted | |||||||
Selected Financial Data (USD $ in millions) | |||||||
| Adjusted comprehensive income^{2} | ||||||
| Adjusted total assets^{3} | ||||||
Ratio | |||||||
| Adjusted ROA^{4} | % | % | % | % | % | % |
2017 Calculations
^{1} ROA = 100 × Net income attributable to Costco ÷ Total assets
= 100 × ÷ = %
^{2} Adjusted comprehensive income. See Details »
^{3} Adjusted total assets. See Details »
^{4} Adjusted ROA = 100 × Adjusted comprehensive income ÷ Adjusted total assets
= 100 × ÷ = %
Ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as adjusted comprehensive income divided by adjusted total assets. | Costco Wholesale Corp.'s adjusted ROA improved from 2015 to 2016 but then slightly deteriorated from 2016 to 2017. |