Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Costco Wholesale Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Costco Wholesale Corp. gross profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Costco Wholesale Corp. operating profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Costco Wholesale Corp. net profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Costco Wholesale Corp. ROE deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Costco Wholesale Corp. ROA deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |
Gross Profit Margin
Costco Wholesale Corp., gross profit margin calculation (quarterly data)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Gross margin | 6,191) | 6,260) | 8,211) | 5,429) | 5,816) | 5,668) | 7,206) | 5,257) | 5,420) | 5,465) | 6,708) | 4,961) | 4,810) | 4,889) | 5,876) | 4,202) | 4,200) | 4,003) | 5,138) | 3,731) | 3,908) | 3,688) | 4,743) | 3,493) | 3,546) | 3,500) | ||||||||
| Net sales | 57,331) | 56,717) | 77,430) | 52,604) | 54,239) | 53,437) | 70,764) | 51,612) | 50,937) | 49,417) | 61,441) | 44,376) | 43,888) | 42,347) | 52,277) | 36,451) | 38,256) | 36,236) | 46,448) | 33,964) | 34,628) | 34,311) | 43,414) | 31,624) | 32,279) | 31,117) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Gross profit margin1 | 10.69% | 10.67% | 10.57% | 10.44% | 10.41% | 10.39% | 10.48% | 10.71% | 10.94% | 11.02% | 11.13% | 11.23% | 11.30% | 11.32% | 11.20% | 11.15% | 11.02% | 11.09% | 11.02% | 10.98% | 11.00% | 10.92% | 11.04% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Target Corp. | 25.02% | 23.72% | 23.57% | 24.41% | 25.21% | 27.33% | 28.34% | 28.73% | 29.33% | 29.44% | 28.38% | 28.32% | 28.03% | 27.78% | 28.87% | 28.70% | 28.46% | 28.37% | 28.39% | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 23.55% | 23.43% | 23.46% | 23.68% | 23.90% | 24.23% | 24.44% | 24.41% | 24.51% | 24.55% | 24.30% | 24.24% | 24.11% | 23.94% | 24.10% | 24.23% | 24.32% | 24.43% | 24.50% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Gross profit margin = 100
× (Gross marginQ2 2024
+ Gross marginQ1 2024
+ Gross marginQ4 2023
+ Gross marginQ3 2023)
÷ (Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023)
= 100 × (6,191 + 6,260 + 8,211 + 5,429)
÷ (57,331 + 56,717 + 77,430 + 52,604)
= 10.69%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Costco Wholesale Corp. gross profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Operating Profit Margin
Costco Wholesale Corp., operating profit margin calculation (quarterly data)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Operating income | 2,062) | 1,984) | 2,781) | 1,679) | 1,903) | 1,751) | 2,497) | 1,791) | 1,812) | 1,693) | 2,275) | 1,663) | 1,340) | 1,430) | 1,929) | 1,179) | 1,266) | 1,061) | 1,463) | 1,122) | 1,203) | 949) | 1,446) | 1,067) | 1,016) | 951) | ||||||||
| Net sales | 57,331) | 56,717) | 77,430) | 52,604) | 54,239) | 53,437) | 70,764) | 51,612) | 50,937) | 49,417) | 61,441) | 44,376) | 43,888) | 42,347) | 52,277) | 36,451) | 38,256) | 36,236) | 46,448) | 33,964) | 34,628) | 34,311) | 43,414) | 31,624) | 32,279) | 31,117) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Operating profit margin1 | 3.48% | 3.46% | 3.41% | 3.39% | 3.45% | 3.46% | 3.50% | 3.55% | 3.61% | 3.50% | 3.49% | 3.48% | 3.36% | 3.43% | 3.33% | 3.16% | 3.17% | 3.21% | 3.17% | 3.23% | 3.24% | 3.16% | 3.24% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Target Corp. | 4.42% | 3.56% | 3.58% | 4.46% | 5.43% | 7.50% | 8.55% | 8.52% | 8.70% | 8.71% | 7.08% | 6.74% | 5.94% | 5.05% | 6.04% | 5.97% | 5.79% | 5.58% | 5.52% | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 3.49% | 3.46% | 3.37% | 3.49% | 4.10% | 4.27% | 4.57% | 4.50% | 4.54% | 4.34% | 4.06% | 4.11% | 3.96% | 3.93% | 3.96% | 4.12% | 4.20% | 4.25% | 4.30% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Operating profit margin = 100
× (Operating incomeQ2 2024
+ Operating incomeQ1 2024
+ Operating incomeQ4 2023
+ Operating incomeQ3 2023)
÷ (Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023)
= 100 × (2,062 + 1,984 + 2,781 + 1,679)
÷ (57,331 + 56,717 + 77,430 + 52,604)
= 3.48%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Costco Wholesale Corp. operating profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Net Profit Margin
Costco Wholesale Corp., net profit margin calculation (quarterly data)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income attributable to Costco | 1,743) | 1,589) | 2,160) | 1,302) | 1,466) | 1,364) | 1,868) | 1,353) | 1,299) | 1,324) | 1,670) | 1,220) | 951) | 1,166) | 1,389) | 838) | 931) | 844) | 1,097) | 906) | 889) | 767) | 1,043) | 750) | 701) | 640) | ||||||||
| Net sales | 57,331) | 56,717) | 77,430) | 52,604) | 54,239) | 53,437) | 70,764) | 51,612) | 50,937) | 49,417) | 61,441) | 44,376) | 43,888) | 42,347) | 52,277) | 36,451) | 38,256) | 36,236) | 46,448) | 33,964) | 34,628) | 34,311) | 43,414) | 31,624) | 32,279) | 31,117) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Net profit margin1 | 2.78% | 2.70% | 2.65% | 2.60% | 2.63% | 2.59% | 2.62% | 2.65% | 2.67% | 2.59% | 2.61% | 2.58% | 2.48% | 2.55% | 2.45% | 2.36% | 2.44% | 2.47% | 2.45% | 2.46% | 2.40% | 2.30% | 2.26% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Target Corp. | 3.17% | 2.53% | 2.58% | 3.22% | 3.97% | 5.55% | 6.64% | 6.65% | 6.37% | 6.38% | 4.73% | 4.37% | 4.21% | 3.50% | 4.25% | 4.23% | 4.15% | 4.00% | 3.95% | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 2.24% | 1.83% | 1.93% | 1.51% | 2.38% | 2.28% | 2.41% | 1.41% | 1.79% | 2.19% | 2.43% | 3.62% | 3.33% | 2.83% | 2.86% | 2.79% | 2.50% | 1.64% | 1.31% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
Net profit margin = 100
× (Net income attributable to CostcoQ2 2024
+ Net income attributable to CostcoQ1 2024
+ Net income attributable to CostcoQ4 2023
+ Net income attributable to CostcoQ3 2023)
÷ (Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023)
= 100 × (1,743 + 1,589 + 2,160 + 1,302)
÷ (57,331 + 56,717 + 77,430 + 52,604)
= 2.78%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Costco Wholesale Corp. net profit margin ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Return on Equity (ROE)
Costco Wholesale Corp., ROE calculation (quarterly data)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income attributable to Costco | 1,743) | 1,589) | 2,160) | 1,302) | 1,466) | 1,364) | 1,868) | 1,353) | 1,299) | 1,324) | 1,670) | 1,220) | 951) | 1,166) | 1,389) | 838) | 931) | 844) | 1,097) | 906) | 889) | 767) | 1,043) | 750) | 701) | 640) | ||||||||
| Total Costco stockholders’ equity | 20,760) | 26,147) | 25,058) | 23,568) | 22,794) | 21,471) | 20,642) | 19,968) | 19,418) | 18,463) | 17,564) | 16,482) | 15,652) | 14,860) | 18,284) | 16,802) | 16,614) | 15,861) | 15,243) | 14,486) | 13,858) | 13,167) | 12,799) | 12,143) | 11,754) | 11,078) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| ROE1 | 32.73% | 24.92% | 25.11% | 25.46% | 26.55% | 27.40% | 28.31% | 28.28% | 28.39% | 27.97% | 28.51% | 28.67% | 27.75% | 29.10% | 21.89% | 22.08% | 22.74% | 23.55% | 24.00% | 24.89% | 24.89% | 24.77% | 24.49% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||||||
| Target Corp. | 28.13% | 23.45% | 24.75% | 31.29% | 39.88% | 54.37% | 54.15% | 49.13% | 42.45% | 41.32% | 30.25% | 28.70% | 28.00% | 24.80% | 27.73% | 28.11% | 26.64% | 27.11% | 26.00% | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 17.65% | 15.61% | 15.23% | 12.41% | 17.88% | 16.90% | 16.42% | 9.75% | 12.48% | 15.64% | 16.69% | 24.24% | 23.76% | 22.02% | 19.93% | 20.14% | 18.27% | 12.28% | 9.20% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
ROE = 100
× (Net income attributable to CostcoQ2 2024
+ Net income attributable to CostcoQ1 2024
+ Net income attributable to CostcoQ4 2023
+ Net income attributable to CostcoQ3 2023)
÷ Total Costco stockholders’ equity
= 100 × (1,743 + 1,589 + 2,160 + 1,302)
÷ 20,760 = 32.73%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Costco Wholesale Corp. ROE deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |
Return on Assets (ROA)
Costco Wholesale Corp., ROA calculation (quarterly data)
| Feb 18, 2024 | Nov 26, 2023 | Sep 3, 2023 | May 7, 2023 | Feb 12, 2023 | Nov 20, 2022 | Aug 28, 2022 | May 8, 2022 | Feb 13, 2022 | Nov 21, 2021 | Aug 29, 2021 | May 9, 2021 | Feb 14, 2021 | Nov 22, 2020 | Aug 30, 2020 | May 10, 2020 | Feb 16, 2020 | Nov 24, 2019 | Sep 1, 2019 | May 12, 2019 | Feb 17, 2019 | Nov 25, 2018 | Sep 2, 2018 | May 13, 2018 | Feb 18, 2018 | Nov 26, 2017 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income attributable to Costco | 1,743) | 1,589) | 2,160) | 1,302) | 1,466) | 1,364) | 1,868) | 1,353) | 1,299) | 1,324) | 1,670) | 1,220) | 951) | 1,166) | 1,389) | 838) | 931) | 844) | 1,097) | 906) | 889) | 767) | 1,043) | 750) | 701) | 640) | ||||||||
| Total assets | 66,323) | 73,723) | 68,994) | 66,752) | 66,848) | 66,027) | 64,166) | 63,852) | 63,078) | 64,149) | 59,268) | 57,274) | 54,918) | 60,217) | 55,556) | 51,732) | 48,782) | 51,431) | 45,400) | 43,752) | 42,799) | 43,814) | 40,830) | 39,605) | 38,703) | 39,378) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| ROA1 | 10.24% | 8.84% | 9.12% | 8.99% | 9.05% | 8.91% | 9.11% | 8.84% | 8.74% | 8.05% | 8.45% | 8.25% | 7.91% | 7.18% | 7.20% | 7.17% | 7.74% | 7.26% | 8.06% | 8.24% | 8.06% | 7.44% | 7.68% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||||||
| Target Corp. | 6.34% | 5.22% | 5.21% | 6.20% | 8.05% | 11.52% | 12.91% | 12.46% | 12.28% | 12.25% | 8.52% | 7.54% | 7.34% | 6.18% | 7.67% | 7.42% | 7.59% | 7.42% | 7.11% | — | — | — | — | — | — | — | ||||||||
| Walmart Inc. | 5.50% | 4.61% | 4.80% | 3.62% | 5.61% | 5.28% | 5.58% | 3.28% | 4.21% | 5.18% | 5.35% | 7.87% | 7.54% | 6.45% | 6.29% | 6.02% | 5.47% | 3.57% | 3.04% | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25), 10-K (reporting date: 2018-09-02), 10-Q (reporting date: 2018-05-13), 10-Q (reporting date: 2018-02-18), 10-Q (reporting date: 2017-11-26).
1 Q2 2024 Calculation
ROA = 100
× (Net income attributable to CostcoQ2 2024
+ Net income attributable to CostcoQ1 2024
+ Net income attributable to CostcoQ4 2023
+ Net income attributable to CostcoQ3 2023)
÷ Total assets
= 100 × (1,743 + 1,589 + 2,160 + 1,302)
÷ 66,323 = 10.24%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Costco Wholesale Corp. ROA deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level. |