BJs Wholesale Club Holdings Inc (BJ)

Return on assets (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
Net income (ttm)	US$ in thousands	523,741	507,650	507,125	516,807	513,180	490,967	487,542	457,523	426,652	414,966	411,245	406,875	421,030	366,911	299,207	247,112	187,176	209,720	209,059	148,922
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
ROA		7.84%	7.42%	7.68%	7.96%	8.08%	7.58%	7.63%	7.61%	7.53%	7.27%	7.69%	7.47%	7.78%	6.69%	5.65%	4.64%	3.55%	3.83%	4.06%	2.85%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $523,741K ÷ $6,677,620K
= 7.84%

The return on assets (ROA) for BJs Wholesale Club Holdings Inc has shown some fluctuations over the analyzed periods. The trend indicates that the company has maintained a relatively stable performance in terms of generating profits from its assets.

The ROA ranged from 2.85% to 8.08% during the periods reviewed. The highest ROA of 8.08% was observed on Jan 28, 2023, while the lowest ROA of 2.85% was recorded on Aug 3, 2019. Overall, the ROA has generally stayed above 5% in recent quarters, indicating that the company has been effectively utilizing its assets to generate profits.

It is important to note that a higher ROA signifies better profitability with respect to the company's total assets. The fluctuations in ROA may be influenced by various factors such as changes in operational efficiency, asset utilization, and profitability. Further analysis, along with other financial metrics, can provide a more comprehensive understanding of BJs Wholesale Club Holdings Inc's financial performance.