Academy Sports Outdoors Inc (ASO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 677,855 | 678,690 | 721,481 | 767,252 | 846,549 | 839,951 | 876,542 | 874,366 | 907,947 | 850,777 | 716,220 | |||
| Total assets | US$ in thousands | 4,676,710 | 4,921,270 | 4,675,420 | 4,641,930 | 4,595,440 | 4,782,460 | 4,653,970 | 4,719,160 | 4,584,940 | 4,676,000 | 4,634,030 | 4,657,310 | 4,384,480 | 4,981,920 |
| Operating ROA | 14.49% | 13.79% | 15.43% | 16.53% | 18.42% | 17.56% | 18.83% | 18.53% | 19.80% | 18.19% | 15.46% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $677,855K ÷ $4,676,710K
= 14.49%
The operating return on assets (ROA) for Academy Sports Outdoors Inc has shown variability over the past several quarters. The trend indicates that the company's ability to generate operating income relative to its total assets has fluctuated, with values ranging from 13.79% to 19.80%.
The highest operating ROA was observed in the quarter ending January 29, 2022, at 19.80%, while the lowest was reported on October 28, 2023, at 13.79%. Overall, despite the fluctuations, the company generally maintained a healthy operating ROA, with the average being around 17.19%.
This metric is important as it reflects the efficiency with which the company is utilizing its assets to generate operating profits. A higher operating ROA indicates more effective asset utilization and profitability. Thus, Academy Sports Outdoors Inc's performance in this aspect suggests that it has been reasonably successful in generating operating income relative to its asset base over the analyzed period.
Peer comparison
Feb 3, 2024