Adjusted Financial Ratios (Summary)
Based on: 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).
Financial ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Costco Wholesale Corp. adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | Costco Wholesale Corp. adjusted current ratio improved from 2021 to 2022 and from 2022 to 2023. |
Adjusted debt-to-equity ratio | A solvency ratio calculated as adjusted total debt divided by adjusted total equity. | Costco Wholesale Corp. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
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. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
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. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by total revenue. | Costco Wholesale Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted total equity. | Costco Wholesale Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023. |
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | Costco Wholesale Corp. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Costco Wholesale Corp., Financial Ratios: Reported vs. Adjusted
Adjusted Total Asset Turnover
Based on: 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).
1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 237,710 ÷ 68,994 = 3.45
2 Adjusted total assets. See details »
3 2023 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 237,710 ÷ 68,503 = 3.47
Activity ratio | Description | The company |
---|---|---|
Adjusted total asset turnover | An activity ratio calculated as total revenue divided by adjusted total assets. | Costco Wholesale Corp. adjusted total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Adjusted Current Ratio
Based on: 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).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 35,879 ÷ 33,583 = 1.07
2 Adjusted current assets. See details »
3 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 35,879 ÷ 33,583 = 1.07
Liquidity ratio | Description | The company |
---|---|---|
Adjusted current ratio | A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. | Costco Wholesale Corp. adjusted current ratio improved from 2021 to 2022 and from 2022 to 2023. |
Adjusted Debt to Equity
Based on: 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).
1 2023 Calculation
Debt to equity = Total debt ÷ Total Costco stockholders’ equity
= 7,890 ÷ 25,058 = 0.31
2 Adjusted total debt. See details »
3 Adjusted total equity. See details »
4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 10,536 ÷ 25,362 = 0.42
Solvency 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. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
Adjusted Debt to Capital
Based on: 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).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 7,890 ÷ 32,948 = 0.24
2 Adjusted total debt. See details »
3 Adjusted total capital. See details »
4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 10,536 ÷ 35,898 = 0.29
Solvency 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. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
Adjusted Financial Leverage
Based on: 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).
1 2023 Calculation
Financial leverage = Total assets ÷ Total Costco stockholders’ equity
= 68,994 ÷ 25,058 = 2.75
2 Adjusted total assets. See details »
3 Adjusted total equity. See details »
4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 68,503 ÷ 25,362 = 2.70
Solvency 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. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Adjusted Net Profit Margin
Based on: 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).
1 2023 Calculation
Net profit margin = 100 × Net income attributable to Costco ÷ Net sales
= 100 × 6,292 ÷ 237,710 = 2.65%
2 Adjusted net income including noncontrolling interests. See details »
3 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income including noncontrolling interests ÷ Net sales
= 100 × 5,911 ÷ 237,710 = 2.49%
Profitability ratio | Description | The company |
---|---|---|
Adjusted net profit margin | An indicator of profitability, calculated as adjusted net income divided by total revenue. | Costco Wholesale Corp. adjusted net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Adjusted Return on Equity (ROE)
Based on: 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).
1 2023 Calculation
ROE = 100 × Net income attributable to Costco ÷ Total Costco stockholders’ equity
= 100 × 6,292 ÷ 25,058 = 25.11%
2 Adjusted net income including noncontrolling interests. See details »
3 Adjusted total equity. See details »
4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income including noncontrolling interests ÷ Adjusted total equity
= 100 × 5,911 ÷ 25,362 = 23.31%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROE | A profitability ratio calculated as adjusted net income divided by adjusted total equity. | Costco Wholesale Corp. adjusted ROE deteriorated from 2021 to 2022 and from 2022 to 2023. |
Adjusted Return on Assets (ROA)
Based on: 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).
1 2023 Calculation
ROA = 100 × Net income attributable to Costco ÷ Total assets
= 100 × 6,292 ÷ 68,994 = 9.12%
2 Adjusted net income including noncontrolling interests. See details »
3 Adjusted total assets. See details »
4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income including noncontrolling interests ÷ Adjusted total assets
= 100 × 5,911 ÷ 68,503 = 8.63%
Profitability ratio | Description | The company |
---|---|---|
Adjusted ROA | A profitability ratio calculated as adjusted net income divided by adjusted total assets. | Costco Wholesale Corp. adjusted ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |