Abercrombie & Fitch Company (ANF)

Return on assets (ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	328,123	2,816	270,066	-114,021	39,358
Total assets	US$ in thousands	2,974,230	2,713,100	2,939,490	3,314,900	3,549,660
ROA		11.03%	0.10%	9.19%	-3.44%	1.11%

February 3, 2024 calculation

ROA = Net income ÷ Total assets
= $328,123K ÷ $2,974,230K
= 11.03%

Abercrombie & Fitch Company's return on assets (ROA) has shown significant fluctuations over the past five years. In 2024, the ROA improved to 11.03%, indicating the company generated $0.11 in profit for every dollar of assets. This is a substantial improvement compared to the previous year, where the ROA was only 0.10%.

In 2022, the ROA was at 9.19%, reflecting the company's ability to generate profits from its assets. However, in 2021, the ROA was negative, at -3.44%, which suggests that the company incurred a loss relative to its assets during that period.

In 2020, the ROA was 1.11%, indicating a modest profitability level. Overall, Abercrombie & Fitch Company's ROA has fluctuated significantly, with the most recent year showing a notable improvement in profitability relative to its asset base.