World Kinect Corporation
World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Aviation, Land, and Marine. The Aviation segment provides jet fuel, sustainable aviation fuel, aviation gasoline, and aviation fuel to commercial and international airlines, regional airlines, cargo carrier… Read more
World Kinect Corporation (WKC) - Net Assets
Latest net assets as of September 2025: $1.63 Billion USD
Based on the latest financial reports, World Kinect Corporation (WKC) has net assets worth $1.63 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.06 Billion) and total liabilities ($4.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.63 Billion |
| % of Total Assets | 26.84% |
| Annual Growth Rate | 20.63% |
| 5-Year Change | 2.25% |
| 10-Year Change | 1.8% |
| Growth Volatility | 39.96 |
World Kinect Corporation - Net Assets Trend (1985–2024)
This chart illustrates how World Kinect Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for World Kinect Corporation (1985–2024)
The table below shows the annual net assets of World Kinect Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.96 Billion | +0.32% |
| 2023-12-31 | $1.95 Billion | -2.07% |
| 2022-12-31 | $1.99 Billion | +3.86% |
| 2021-12-31 | $1.92 Billion | +0.20% |
| 2020-12-31 | $1.91 Billion | +1.00% |
| 2019-12-31 | $1.89 Billion | +3.41% |
| 2018-12-31 | $1.83 Billion | +5.39% |
| 2017-12-31 | $1.74 Billion | -10.42% |
| 2016-12-31 | $1.94 Billion | +0.97% |
| 2015-12-31 | $1.92 Billion | +3.03% |
| 2014-12-31 | $1.86 Billion | +11.08% |
| 2013-12-31 | $1.68 Billion | +8.90% |
| 2012-12-31 | $1.54 Billion | +14.47% |
| 2011-12-31 | $1.35 Billion | +19.54% |
| 2010-12-31 | $1.13 Billion | +53.64% |
| 2009-12-31 | $733.25 Million | +20.62% |
| 2008-12-31 | $607.89 Million | +25.63% |
| 2007-12-31 | $483.88 Million | +13.59% |
| 2006-12-31 | $425.97 Million | +20.55% |
| 2005-12-31 | $353.35 Million | +87.45% |
| 2004-12-31 | $188.50 Million | +27.04% |
| 2003-12-31 | $148.38 Million | +27.43% |
| 2001-12-31 | $116.44 Million | +12.11% |
| 2000-12-31 | $103.86 Million | +4.21% |
| 1999-12-31 | $99.66 Million | +1.38% |
| 1998-12-31 | $98.30 Million | +6.96% |
| 1997-12-31 | $91.90 Million | +22.21% |
| 1996-12-31 | $75.20 Million | +17.87% |
| 1995-12-31 | $63.80 Million | +22.46% |
| 1994-12-31 | $52.10 Million | +30.25% |
| 1993-12-31 | $40.00 Million | +16.28% |
| 1992-12-31 | $34.40 Million | +5.20% |
| 1991-12-31 | $32.70 Million | +25.29% |
| 1990-12-31 | $26.10 Million | +25.48% |
| 1989-12-31 | $20.80 Million | +156.79% |
| 1988-12-31 | $8.10 Million | +65.31% |
| 1987-12-31 | $4.90 Million | +28.95% |
| 1986-12-31 | $3.80 Million | +192.31% |
| 1985-12-31 | $1.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to World Kinect Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 669633.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.01 Billion | 103.10% |
| Common Stock | $600.00K | 0.03% |
| Other Comprehensive Income | $-91.00 Million | -4.67% |
| Other Components | $29.90 Million | 1.53% |
| Total Equity | $1.95 Billion | 100.00% |
World Kinect Corporation Competitors by Market Cap
The table below lists competitors of World Kinect Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Juli Sling Co Ltd
SHE:002342
|
$1.24 Billion |
|
INTERROLL HLDG NA SF 1
F:I3H
|
$1.24 Billion |
|
Global Ship Lease Inc
NYSE:GSL
|
$1.24 Billion |
|
Ningbo Shuanglin Auto Parts
SHE:300100
|
$1.24 Billion |
|
Olo Inc
NYSE:OLO
|
$1.24 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
$1.24 Billion |
|
Paramount Group Inc
NYSE:PGRE
|
$1.24 Billion |
|
PT Merdeka Copper Gold Tbk
PINK:PMCGF
|
$1.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in World Kinect Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,943,000,000 to 1,948,700,000, a change of 5,700,000 (0.3%).
- Net income of 67,400,000 contributed positively to equity growth.
- Dividend payments of 38,500,000 reduced retained earnings.
- Share repurchases of 100,000,000 reduced equity.
- Other comprehensive income increased equity by 57,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $67.40 Million | +3.46% |
| Dividends Paid | $38.50 Million | -1.98% |
| Share Repurchases | $100.00 Million | -5.13% |
| Other Comprehensive Income | $57.90 Million | +2.97% |
| Other Changes | $18.90 Million | +0.97% |
| Total Change | $- | 0.29% |
Book Value vs Market Value Analysis
This analysis compares World Kinect Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 284.06x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.08 | $23.08 | x |
| 1986-12-31 | $0.14 | $23.08 | x |
| 1987-12-31 | $0.16 | $23.08 | x |
| 1988-12-31 | $0.25 | $23.08 | x |
| 1989-12-31 | $0.51 | $23.08 | x |
| 1990-12-31 | $0.61 | $23.08 | x |
| 1991-12-31 | $0.76 | $23.08 | x |
| 1992-12-31 | $0.75 | $23.08 | x |
| 1993-12-31 | $0.94 | $23.08 | x |
| 1994-12-31 | $1.18 | $23.08 | x |
| 1995-12-31 | $1.32 | $23.08 | x |
| 1996-12-31 | $1.52 | $23.08 | x |
| 1997-12-31 | $1.83 | $23.08 | x |
| 1998-12-31 | $1.96 | $23.08 | x |
| 1999-12-31 | $2.07 | $23.08 | x |
| 2000-12-31 | $2.44 | $23.08 | x |
| 2001-12-31 | $2.73 | $23.08 | x |
| 2003-12-31 | $3.32 | $23.08 | x |
| 2004-12-31 | $4.02 | $23.08 | x |
| 2005-12-31 | $7.01 | $23.08 | x |
| 2006-12-31 | $7.36 | $23.08 | x |
| 2007-12-31 | $8.32 | $23.08 | x |
| 2008-12-31 | $10.47 | $23.08 | x |
| 2009-12-31 | $12.24 | $23.08 | x |
| 2010-12-31 | $17.77 | $23.08 | x |
| 2011-12-31 | $18.64 | $23.08 | x |
| 2012-12-31 | $21.13 | $23.08 | x |
| 2013-12-31 | $23.31 | $23.08 | x |
| 2014-12-31 | $26.01 | $23.08 | x |
| 2015-12-31 | $27.04 | $23.08 | x |
| 2016-12-31 | $27.58 | $23.08 | x |
| 2017-12-31 | $25.28 | $23.08 | x |
| 2018-12-31 | $26.82 | $23.08 | x |
| 2019-12-31 | $28.43 | $23.08 | x |
| 2020-12-31 | $29.83 | $23.08 | x |
| 2021-12-31 | $30.22 | $23.08 | x |
| 2022-12-31 | $31.66 | $23.08 | x |
| 2023-12-31 | $31.49 | $23.08 | x |
| 2024-12-31 | $32.75 | $23.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently World Kinect Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.16%
- • Asset Turnover: 6.28x
- • Equity Multiplier: 3.45x
- Recent ROE (3.46%) is below the historical average (12.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 15.38% | 2.74% | 1.92x | 2.92x | $70.00K |
| 1986 | 5.26% | 2.17% | 1.35x | 1.79x | $-180.00K |
| 1987 | 20.41% | 2.43% | 4.15x | 2.02x | $510.00K |
| 1988 | 27.16% | 3.41% | 3.96x | 2.01x | $1.39 Million |
| 1989 | 19.23% | 2.81% | 3.55x | 1.93x | $1.92 Million |
| 1990 | 18.39% | 2.05% | 4.70x | 1.91x | $2.19 Million |
| 1991 | 18.04% | 2.87% | 3.71x | 1.69x | $2.63 Million |
| 1992 | 4.65% | 0.63% | 4.66x | 1.59x | $-1.84 Million |
| 1993 | 13.00% | 2.08% | 4.66x | 1.34x | $1.20 Million |
| 1994 | 15.55% | 2.24% | 4.04x | 1.72x | $2.89 Million |
| 1995 | 17.08% | 1.70% | 5.73x | 1.76x | $4.52 Million |
| 1996 | 17.69% | 1.72% | 6.28x | 1.64x | $5.78 Million |
| 1997 | 17.30% | 1.98% | 5.59x | 1.56x | $6.71 Million |
| 1998 | 15.36% | 2.03% | 4.74x | 1.60x | $5.27 Million |
| 1999 | 9.67% | 0.80% | 5.29x | 2.28x | $-331.10K |
| 2000 | 10.24% | 0.70% | 6.88x | 2.14x | $248.00K |
| 2001 | 14.80% | 1.26% | 5.29x | 2.22x | $5.59 Million |
| 2003 | 14.74% | 0.82% | 7.44x | 2.41x | $7.04 Million |
| 2004 | 15.15% | 0.51% | 7.94x | 3.78x | $9.71 Million |
| 2005 | 11.21% | 0.45% | 8.61x | 2.87x | $4.27 Million |
| 2006 | 15.01% | 0.59% | 8.44x | 3.00x | $21.35 Million |
| 2007 | 13.39% | 0.47% | 7.64x | 3.72x | $16.39 Million |
| 2008 | 17.28% | 0.57% | 13.18x | 2.31x | $44.25 Million |
| 2009 | 15.98% | 1.04% | 6.48x | 2.38x | $43.84 Million |
| 2010 | 13.03% | 0.77% | 7.45x | 2.28x | $34.14 Million |
| 2011 | 14.56% | 0.56% | 9.36x | 2.77x | $60.73 Million |
| 2012 | 12.48% | 0.49% | 9.48x | 2.71x | $37.63 Million |
| 2013 | 12.13% | 0.49% | 8.76x | 2.83x | $35.69 Million |
| 2014 | 11.95% | 0.51% | 8.88x | 2.63x | $36.21 Million |
| 2015 | 9.78% | 0.62% | 6.62x | 2.38x | $-4.24 Million |
| 2016 | 6.57% | 0.47% | 4.98x | 2.81x | $-66.00 Million |
| 2017 | -9.88% | -0.50% | 6.04x | 3.25x | $-342.39 Million |
| 2018 | 7.03% | 0.32% | 6.97x | 3.13x | $-53.84 Million |
| 2019 | 9.46% | 0.49% | 6.10x | 3.17x | $-10.14 Million |
| 2020 | 5.74% | 0.55% | 4.47x | 2.36x | $-81.33 Million |
| 2021 | 3.85% | 0.24% | 5.27x | 3.11x | $-117.57 Million |
| 2022 | 5.75% | 0.19% | 7.22x | 4.11x | $-84.39 Million |
| 2023 | 2.72% | 0.11% | 6.50x | 3.80x | $-141.40 Million |
| 2024 | 3.46% | 0.16% | 6.28x | 3.45x | $-127.47 Million |
Industry Comparison
This section compares World Kinect Corporation's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,009,540,578
- Average return on equity (ROE) among peers: -3.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| World Kinect Corporation (WKC) | $1.63 Billion | 15.38% | 2.73x | $1.24 Billion |
| Adams Resources & Energy Inc (AE) | $81.76 Million | -6.81% | 1.58x | $82.94 Million |
| Blue Dolphin Energy Co (BDCO) | $27.97 Million | 56.35% | 1.16x | $3.39 Million |
| Blue Earth Resources Inc (BERI) | $681.30K | -5.13% | 0.08x | $494.55 |
| Crossamerica Partners LP (CAPL) | $94.67 Million | 19.09% | 3.14x | $395.42 Million |
| China HK Power Smart Energy Group Limited (CHNTF) | $94.09 Million | -177.69% | 13.22x | $21.56 Million |
| Clean Energy Fuels Corp (CLNE) | $230.93 Million | -3.85% | 0.08x | $375.92 Million |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $874.31 Million |
| DCC plc (DCCPF) | $2.43 Billion | 10.79% | 1.91x | $6.39 Billion |
| HF Sinclair Corp (DINO) | $5.81 Billion | 12.74% | 0.44x | $9.96 Billion |
| Delek US Energy Inc (DK) | $531.00 Million | 0.13% | 1.30x | $2.44 Billion |