Buckle Inc (BKE)

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	219,919	228,180	237,804	242,308	254,626	250,699	251,530	252,805	254,820	236,511	215,929	199,192	130,139	111,512	95,861	77,553	104,429	98,585	93,077	92,362
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
ROA		24.72%	24.77%	27.60%	28.55%	30.40%	28.35%	31.09%	32.04%	32.63%	23.80%	23.15%	21.74%	15.39%	12.42%	11.20%	9.67%	12.03%	10.98%	10.67%	10.49%

February 3, 2024 calculation

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

Buckle Inc's Return on Assets (ROA) has shown fluctuating trends over the past several quarters. The ROA has ranged from a low of 9.67% in May 2020 to a high of 32.63% in Jan 2022. This indicates that the company has been fairly effective in generating profits relative to its assets during this period.

The overall trend suggests that Buckle Inc's ability to generate profits from its assets has generally improved over the past few years, with some variability in performance quarter to quarter. The recent ROA figures, such as 24.72% in Feb 2024 and 24.77% in Oct 2023, indicate that the company is maintaining a strong profitability ratio.

However, it is worth noting that the ROA dropped significantly in the earlier quarters such as 9.67% in May 2020 and 11.20% in Aug 2020. This may indicate periods of lower efficiency in generating profits compared to the company's asset base.

Overall, Buckle Inc's ROA trend suggests that the company has been successful in utilizing its assets effectively to generate profits, with some quarters showing particularly strong performance while others showing lower efficiency. Continued monitoring of ROA will be essential to assess the company's operational efficiency and financial performance in the future.