Abercrombie & Fitch Company (ANF)

Operating return on assets (Operating ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating income	US$ in thousands	484,671	92,648	343,084	-20,469	70,068
Total assets	US$ in thousands	2,974,230	2,713,100	2,939,490	3,314,900	3,549,660
Operating ROA		16.30%	3.41%	11.67%	-0.62%	1.97%

February 3, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $484,671K ÷ $2,974,230K
= 16.30%

Abercrombie & Fitch Company's operating return on assets (ROA) has shown significant fluctuations over the past five years. The operating ROA increased from -0.62% in 2021 to 16.30% in 2024, indicating a substantial improvement in the company's ability to generate profits from its operational assets. This significant increase suggests that Abercrombie & Fitch has been more efficient in utilizing its assets to generate operating income in the most recent fiscal year.

However, it is important to note that there were fluctuations in the operating ROA in the previous years, with values ranging from 1.97% in 2020 to 11.67% in 2022. These variations suggest inconsistencies in the company's operational performance and asset utilization efficiency during those years.

Overall, the trend in Abercrombie & Fitch's operating ROA indicates that the company has managed to improve its operational efficiency and profitability in the most recent fiscal year compared to the previous years, signaling positive developments in its ability to generate returns from its assets.