Academy Sports Outdoors Inc (ASO)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 519,190 | 628,001 | 671,381 | 308,764 |
| Total assets | US$ in thousands | 4,676,710 | 4,595,440 | 4,584,940 | 4,384,480 |
| ROA | 11.10% | 13.67% | 14.64% | 7.04% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $519,190K ÷ $4,676,710K
= 11.10%
Academy Sports Outdoors Inc's return on assets (ROA) has fluctuated over the past four years, as evidenced by the data provided. In the most recent fiscal year ending on February 3, 2024, the company reported an ROA of 11.10%, showing a decrease compared to the previous year's 13.67%. However, it is still higher than the ROA reported in the fiscal years ending January 29, 2022, and January 30, 2021, which were 14.64% and 7.04%, respectively.
The declining trend in ROA from 2021 to 2024 may indicate that the company's profitability in generating earnings from its assets has softened. A lower ROA could suggest decreased efficiency in utilizing its assets to generate profits. It may be important for stakeholders to closely monitor this metric and understand the underlying factors influencing the company's asset utilization and profitability.
Peer comparison
Feb 3, 2024