Buckle Inc (BKE)

Operating return on assets (Operating ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating income	US$ in thousands	271,059	328,132	335,499	168,022	131,497
Total assets	US$ in thousands	889,810	837,579	780,884	845,814	867,890
Operating ROA		30.46%	39.18%	42.96%	19.87%	15.15%

February 3, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $271,059K ÷ $889,810K
= 30.46%

Operating return on assets (operating ROA) for Buckle Inc has exhibited fluctuations over the past five years. It decreased from 15.15% in 2020 to 19.87% in 2021 before experiencing a notable increase to 42.96% in 2022. Subsequently, there was a decline to 39.18% in 2023 and further decrease to 30.46% in 2024.

The decline in operating ROA from 2022 to 2024 could indicate challenges in generating operating profits relative to the total assets employed by the company. It is important for Buckle Inc to closely monitor and analyze the factors influencing this ratio to ensure operational efficiency and profitability in future periods.