Abercrombie & Fitch Company (ANF)

Operating return on assets (Operating ROA)

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	484,671	348,892	228,415	136,382	92,648	103,759	158,947	275,925	343,084	360,850	346,735	246,091	-20,469	-14,037	-58,174	-111,801	70,068	-12,583	-26,839	-29,558
Total assets	US$ in thousands	2,974,230	2,897,650	2,796,710	2,558,080	2,713,100	2,693,990	2,734,090	2,607,300	2,939,490	3,112,530	3,055,390	3,070,550	3,314,900	3,276,960	3,308,810	3,291,830	3,549,660	3,486,000	3,407,000	3,422,970
Operating ROA		16.30%	12.04%	8.17%	5.33%	3.41%	3.85%	5.81%	10.58%	11.67%	11.59%	11.35%	8.01%	-0.62%	-0.43%	-1.76%	-3.40%	1.97%	-0.36%	-0.79%	-0.86%

February 3, 2024 calculation

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

Abercrombie & Fitch Company's operating return on assets (operating ROA) has shown fluctuations over the past few quarters.

The operating ROA increased from a low of -3.40% in May 2020 to a peak of 16.30% in February 2024, indicating a significant improvement in the company's ability to generate operating income from its assets.

Despite some volatility, the overall trend has been positive, with the operating ROA consistently improving since the negative values seen in early 2021 and 2020. This suggests that Abercrombie & Fitch has been more efficient in utilizing its assets to generate operating profits.

The company's ability to sustain and potentially further improve its operating ROA would be crucial for its financial health and long-term growth prospects. Further monitoring of this ratio will be important to assess Abercrombie & Fitch's operational effectiveness and efficiency in the future.