Academy Sports Outdoors Inc (ASO)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 519,190 | 508,676 | 540,439 | 572,165 | 628,001 | 612,118 | 641,682 | 643,391 | 671,381 | 621,133 | 519,414 | |||
| Total stockholders’ equity | US$ in thousands | 1,954,650 | 1,793,090 | 1,738,040 | 1,680,960 | 1,628,310 | 1,558,920 | 1,521,270 | 1,528,510 | 1,466,950 | 1,375,990 | 1,447,620 | 1,313,880 | 1,111,980 | 984,564 |
| ROE | 26.56% | 28.37% | 31.09% | 34.04% | 38.57% | 39.27% | 42.18% | 42.09% | 45.77% | 45.14% | 35.88% |
February 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $519,190K ÷ $1,954,650K
= 26.56%
Academy Sports Outdoors Inc has demonstrated a generally positive trend in its return on equity (ROE) over the past several quarters. The ROE has shown an increasing pattern from 35.88% in October 2020 to 45.77% in January 2022, indicating efficient utilization of shareholder equity to generate profits. However, the ROE saw a slight dip in the most recent period, declining from 38.57% in January 2023 to 26.56% in February 2024.
Overall, Academy Sports Outdoors Inc has maintained relatively high ROE figures, indicating strong profitability and effectiveness in generating earnings from shareholder investment. The fluctuation in ROE levels should be further examined to understand the factors influencing the returns and to assess the company's performance and financial health accurately.
Peer comparison
Feb 3, 2024