Boot Barn Holdings Inc (BOOT)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 198,214 | 222,686 | 220,035 | 225,607 | 231,787 | 231,460 | 251,156 | 257,120 | 258,338 | 228,809 | 178,243 | 138,171 | 86,326 | 63,162 | 56,513 | 59,405 | 73,668 | 80,471 | 74,791 | 70,554 |
| Total assets | US$ in thousands | 1,705,590 | 1,673,500 | 1,578,210 | 1,506,470 | 1,517,380 | 1,512,450 | 1,485,940 | 1,321,220 | 1,199,860 | 1,187,980 | 1,037,420 | 950,495 | 933,581 | 892,172 | 864,306 | 903,453 | 924,711 | 876,835 | 862,818 | 810,601 |
| Operating ROA | 11.62% | 13.31% | 13.94% | 14.98% | 15.28% | 15.30% | 16.90% | 19.46% | 21.53% | 19.26% | 17.18% | 14.54% | 9.25% | 7.08% | 6.54% | 6.58% | 7.97% | 9.18% | 8.67% | 8.70% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $198,214K ÷ $1,705,590K
= 11.62%
Boot Barn Holdings Inc's operating return on assets (ROA) has shown a declining trend over the past few quarters, indicating a decrease in the company's efficiency in generating operating income from its assets. The operating ROA dropped from 21.53% in Mar 31, 2022, to 11.62% in Mar 31, 2024. This decline could be a cause for concern, as it suggests a potential decrease in the company's profitability and operational performance relative to its asset base. It is essential for the company to investigate the reasons behind this decreasing trend in operating ROA and take necessary actions to improve its operational efficiency and profitability.
Peer comparison
Mar 31, 2024