Academy Sports Outdoors Inc (ASO)
Operating return on assets (Operating ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 677,855 | 846,549 | 907,947 | 420,398 |
| Total assets | US$ in thousands | 4,676,710 | 4,595,440 | 4,584,940 | 4,384,480 |
| Operating ROA | 14.49% | 18.42% | 19.80% | 9.59% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $677,855K ÷ $4,676,710K
= 14.49%
The operating return on assets (operating ROA) for Academy Sports Outdoors Inc has shown a fluctuating trend over the past four years. In fiscal year 2024, the operating ROA decreased to 14.49% from 18.42% in fiscal year 2023, indicating a less effective utilization of assets to generate operating profits compared to the previous year.
However, when comparing the operating ROA of fiscal year 2024 to fiscal year 2022 and fiscal year 2021, there is a notable improvement. The operating ROA of 14.49% is still higher than the 9.59% of fiscal year 2021 and slightly lower than the 19.80% of fiscal year 2022, suggesting that the company's asset efficiency and operating profitability remain relatively strong in the most recent year.
Overall, while there was a slight decline in the operating ROA from the prior year, Academy Sports Outdoors Inc has managed to maintain a decent level of operating efficiency in utilizing its assets to generate operating income compared to historical performance. It would be beneficial for the company to further analyze the factors contributing to the fluctuation in operating ROA to identify areas for improvement and sustained profitability.
Peer comparison
Feb 3, 2024