BJs Wholesale Club Holdings Inc (BJ)

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	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	800,419	779,207	771,800	774,441	737,988	702,324	680,512	641,386	617,323	604,886	625,085	624,896	642,392	579,544	490,121	425,267	352,199	380,237	369,632	309,565
Total assets	US$ in thousands	6,677,620	6,837,240	6,603,900	6,494,500	6,349,960	6,478,900	6,387,240	6,010,000	5,668,890	5,710,240	5,347,600	5,449,210	5,411,530	5,482,280	5,294,020	5,328,070	5,269,780	5,478,080	5,152,090	5,226,720
Operating ROA		11.99%	11.40%	11.69%	11.92%	11.62%	10.84%	10.65%	10.67%	10.89%	10.59%	11.69%	11.47%	11.87%	10.57%	9.26%	7.98%	6.68%	6.94%	7.17%	5.92%

February 3, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $800,419K ÷ $6,677,620K
= 11.99%

The operating return on assets (ROA) of BJs Wholesale Club Holdings Inc has shown consistency and stability over recent quarters, averaging around 10% to 12%. This indicates that the company has been efficient in generating operating income relative to its total assets. The slight fluctuations in the operating ROA suggest that management has been able to maintain profitability levels despite changes in economic conditions or competitive pressures. However, the declining trend seen in the most recent quarters may signal a need for further analysis to determine the underlying factors influencing this metric. Overall, the historical operating ROA data indicates that BJs Wholesale Club Holdings Inc has been effectively utilizing its assets to generate operating profits, but ongoing monitoring and evaluation of this ratio are essential to ensure sustained financial performance.