Buckle Inc (BKE)

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	271,059	284,493	299,851	308,803	328,132	327,795	330,587	332,756	335,499	310,445	282,356	260,006	168,022	143,327	122,511	96,581	131,497	122,852	115,843	116,402
Total assets	US$ in thousands	889,810	921,207	861,547	848,860	837,579	884,147	809,064	789,034	780,884	993,830	932,685	916,207	845,814	897,879	855,823	801,650	867,890	898,115	872,433	880,365
Operating ROA		30.46%	30.88%	34.80%	36.38%	39.18%	37.07%	40.86%	42.17%	42.96%	31.24%	30.27%	28.38%	19.87%	15.96%	14.31%	12.05%	15.15%	13.68%	13.28%	13.22%

February 3, 2024 calculation

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

Buckle Inc's operating return on assets (operating ROA) has shown fluctuations over the past 20 reported periods. The operating ROA ranged from a low of 12.05% in May 2, 2020, to a high of 42.96% in Jan 29, 2022. Overall, the trend in operating ROA exhibits variability but tends to hover around the 30-40% range in recent periods.

The company's operating ROA peaked in the Jan 29, 2022, reporting period at 42.96%, indicating that for every dollar of assets employed in its operations, Buckle Inc generated approximately $0.43 in operating profits. This performance indicates efficient asset utilization and effective management in generating operating income.

Despite the fluctuations observed, the operating ROA generally remains at healthy levels, demonstrating Buckle Inc's ability to generate profits from its asset base. Investors and stakeholders may view the company positively for its consistent ability to generate favorable returns relative to its operational assets. However, continued monitoring of the operating ROA trend is advisable to assess the company's operational efficiency and profitability over time.