BJs Wholesale Club Holdings Inc (BJ)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 523,741 | 513,177 | 426,652 | 421,030 | 187,176 |
| Total assets | US$ in thousands | 6,677,620 | 6,349,960 | 5,668,890 | 5,411,530 | 5,269,780 |
| ROA | 7.84% | 8.08% | 7.53% | 7.78% | 3.55% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $523,741K ÷ $6,677,620K
= 7.84%
The return on assets (ROA) of BJs Wholesale Club Holdings Inc has shown a fluctuating trend over the last five years, as indicated in the data provided. The ROA was 7.84% as of February 3, 2024, which represents a slight decrease from the previous year's figure of 8.08%. However, when comparing the current ROA with the figures from two and three years ago, it is still higher, at 7.53% and 7.78% respectively.
Notably, there has been a significant improvement in ROA over the past five years, as evidenced by the substantial increase from 3.55% on February 1, 2020, to 7.84% as of February 3, 2024. This signifies that the company has become more efficient in generating profits from its assets over this period.
Overall, while there may have been some fluctuations in ROA in recent years, the general trend indicates an improvement in the company's ability to utilize its assets effectively to generate returns for its shareholders.
Peer comparison
Feb 3, 2024