Albertsons Companies (ACI)
Operating return on assets (Operating ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,651,300 | 1,867,500 | 1,992,200 | 2,165,800 | 2,283,000 | 2,224,400 | 2,163,600 | 2,235,900 | 2,314,000 | 2,544,700 | 2,561,900 | 2,509,900 | 2,436,900 | 1,597,800 | 1,256,700 | 1,332,800 | 1,617,500 | 2,118,900 | 2,067,000 | 2,087,400 |
| Total assets | US$ in thousands | 26,755,700 | 26,665,300 | 26,528,400 | 26,077,000 | 28,794,700 | 26,496,500 | 26,322,500 | 25,817,200 | 26,168,200 | 30,214,700 | 28,754,100 | 28,220,000 | 28,123,000 | 27,936,100 | 27,344,300 | 26,781,900 | 26,598,000 | 26,319,300 | 26,469,600 | 25,987,800 |
| Operating ROA | 6.17% | 7.00% | 7.51% | 8.31% | 7.93% | 8.40% | 8.22% | 8.66% | 8.84% | 8.42% | 8.91% | 8.89% | 8.67% | 5.72% | 4.60% | 4.98% | 6.08% | 8.05% | 7.81% | 8.03% |
February 28, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,651,300K ÷ $26,755,700K
= 6.17%
The analysis of Albertsons Companies' operating return on assets (ROA) over the specified period reveals a pattern of fluctuations with underlying trends indicative of operational performance dynamics. At the outset, the company exhibited an operating ROA of approximately 8.03% as of May 31, 2020. This figure experienced minor variations throughout the subsequent periods, maintaining a relatively stable range near 8%, with slight declines and increases.
Between May and November 2020, the operating ROA remained fairly consistent, oscillating marginally around 8%, indicating stable operational efficiency during this period despite external economic conditions. However, a notable decline was observed in the period ending February 28, 2021, where the ROA dropped to approximately 6.08%. This decline suggests a temporary dip in the company's ability to generate operating income relative to its asset base, which could be attributable to various factors such as market disruptions or strategic adjustments.
Following this trough, there was a significant upward shift starting from May 2021, with the ROA decreasing further to about 4.98% and continuing to decline slightly through August 2021 to approximately 4.60%. Subsequently, from November 2021 onward, the ROA recovered markedly, rising to approximately 5.72%, and then exhibiting an upward trend that peaked around 8.89% in May 2022. This period indicates a phase of improved operational efficiency, possibly driven by strategic initiatives, cost management, or favorable market conditions.
From mid-2022 through early 2023, the ROA remained relatively steady at elevated levels near 8.8%, reflecting a sustained improvement in operational performance. During this phase, the figures hovered within a narrow band from approximately 8.42% to 8.91%, signifying consistent asset utilization and profitability.
However, subsequent periods showed a gradual decline in ROA, with values decreasing to about 8.22% as of November 2023 and further to 7.93% in February 2024. This downward trend suggests a potential moderation in operating efficiency or external pressures affecting profitability. Looking ahead, projections into the future periods (May 2024 to February 2025) indicate a continuing decline, with the ROA decreasing from about 8.31% down to approximately 6.17%, reflecting ongoing challenges or structural changes impacting asset utilization and operating income.
Overall, the data depict a company that experienced period of stable performance prior to early 2021, encountering a temporary downturn, followed by a significant recovery and optimization phase through 2022. The subsequent decline in recent periods suggests a moderation or possible contraction in operational efficiency, which warrants further analysis of underlying operational factors, market conditions, or strategic initiatives affecting asset returns.
Peer comparison
Feb 28, 2025