Academy Sports Outdoors Inc (ASO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,954,650	1,628,310	1,466,950	1,111,980
ROE		26.56%	38.57%	45.77%	27.77%

February 3, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $519,190K ÷ $1,954,650K
= 26.56%

Academy Sports Outdoors Inc's return on equity (ROE) has exhibited a decreasing trend over the past four years. The ROE decreased from 27.77% in January 2021 to 26.56% in February 2024. The decrease in ROE may indicate a decline in the company's profitability relative to its equity, which could be a concern for investors and stakeholders. It is essential for the company to assess the underlying factors contributing to this decline in ROE and implement strategies to improve profitability and efficiency to enhance shareholder value.

Peer comparison

Feb 3, 2024

Company name

Symbol

ROE

Academy Sports Outdoors Inc

ASO

26.56%

Dick’s Sporting Goods Inc