Buckle Inc (BKE)

Return on assets (ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	219,919	254,626	254,820	130,139	104,429
Total assets	US$ in thousands	889,810	837,579	780,884	845,814	867,890
ROA		24.72%	30.40%	32.63%	15.39%	12.03%

February 3, 2024 calculation

ROA = Net income ÷ Total assets
= $219,919K ÷ $889,810K
= 24.72%

The return on assets (ROA) for Buckle Inc has shown variability over the past five years. In the most recent fiscal year ending on Feb 3, 2024, the ROA was 24.72%, reflecting a decrease from the previous year's 30.40%. While the ROA has decreased in the latest period, it remains relatively high compared to the two preceding years, where it was 32.63% in Jan 29, 2022, and 15.39% in Jan 30, 2021. The company experienced significant improvement in ROA between Jan 30, 2021, and Jan 29, 2022, but saw a drop in the following year.

Comparing the current ROA with Feb 1, 2020, we observe a notable increase from 12.03% to 24.72%, indicating an improvement in the company's ability to generate profit from its assets over the past four years. Despite the recent decline in ROA, Buckle Inc's performance in utilizing its assets to generate profits has generally been positive over the five-year period analyzed. Further examination of the company's financial performance and operational efficiency would be necessary to understand the factors contributing to the fluctuations in ROA.