Boot Barn Holdings Inc (BOOT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 36.88% | 37.04% | 36.50% | 36.71% | 36.86% | 37.40% | 38.32% | 38.57% | 38.66% | 38.03% | 36.75% | 35.27% | 33.00% | 31.64% | 31.14% | 31.52% | 32.70% | 33.18% | 33.01% | 32.74% |
| Operating profit margin | 11.90% | 13.07% | 12.96% | 13.47% | 13.99% | 14.34% | 15.84% | 16.62% | 17.37% | 16.78% | 15.10% | 13.13% | 9.66% | 7.67% | 7.02% | 7.36% | 8.71% | 9.47% | 9.12% | 8.81% |
| Pretax margin | 11.85% | 12.91% | 12.68% | 13.13% | 13.63% | 14.03% | 15.56% | 16.35% | 16.98% | 16.24% | 14.44% | 12.28% | 8.65% | 6.45% | 5.65% | 5.87% | 7.13% | 7.78% | 7.26% | 6.80% |
| Net profit margin | 8.82% | 9.63% | 9.49% | 9.88% | 10.30% | 10.46% | 11.69% | 12.36% | 12.94% | 12.63% | 11.24% | 9.55% | 6.65% | 4.93% | 4.45% | 4.67% | 5.67% | 5.99% | 5.51% | 5.24% |
Boot Barn Holdings Inc has shown fluctuating profitability ratios over the past few quarters. The gross profit margin has generally been in the range of 33% to 39%, showing some variability but maintaining a relatively stable trend. The operating profit margin has also varied, ranging from 7% to 18%, with a decreasing trend in recent quarters. The pretax margin has followed a similar pattern, fluctuating between 5% and 17%.
However, the net profit margin has shown a declining trend, with a range of 4% to 13%, indicating challenges in controlling costs and generating net income. It is important for the company to focus on improving efficiencies and cost management to enhance profitability. Further analysis and examination of the underlying factors driving these changes in profitability ratios are recommended to identify areas for improvement.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 8.62% | 9.80% | 10.21% | 10.99% | 11.24% | 11.16% | 12.47% | 14.47% | 16.04% | 14.50% | 12.78% | 10.58% | 6.36% | 4.55% | 4.14% | 4.18% | 5.19% | 5.81% | 5.23% | 5.18% |
| Return on total capital | 21.01% | 24.45% | 25.81% | 27.73% | 29.85% | 31.74% | 37.27% | 40.20% | 43.08% | 41.36% | 33.59% | 28.24% | 17.11% | 13.38% | 12.86% | 13.76% | 17.10% | 19.03% | 18.99% | 18.37% |
| Return on equity (ROE) | 15.58% | 18.00% | 18.90% | 20.34% | 21.97% | 23.16% | 27.50% | 29.88% | 32.09% | 31.14% | 27.56% | 22.85% | 15.04% | 11.19% | 10.85% | 11.70% | 14.91% | 16.22% | 15.83% | 15.23% |
Boot Barn Holdings Inc's profitability ratios have shown a positive trend over the period under review. The operating return on assets (Operating ROA) has fluctuated between 6.54% to 21.53%, with a general upward trajectory, indicating an improvement in the company's operating efficiency in generating profits from its assets. The average return on assets (ROA) hovers around 5-16%, with an increasing trend, reflecting the company's ability to generate profits relative to its total assets.
The return on total capital has been on an upward trend, ranging from 12.86% to 43.08%, indicating the company's strong performance in utilizing both equity and debt capital efficiently to generate returns. Moreover, the return on equity (ROE) has seen a steady increase from 10.85% to 32.09%, demonstrating the company's ability to generate profits for its shareholders from the equity they have invested.
Overall, Boot Barn Holdings Inc's profitability ratios suggest that the company has been successful in improving its operational efficiency and generating satisfactory returns for both its asset base and capital structure.