Boot Barn Holdings Inc (BOOT)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 146,996 | 170,553 | 192,450 | 59,386 | 47,949 |
| Total assets | US$ in thousands | 1,705,590 | 1,517,380 | 1,199,860 | 933,581 | 924,711 |
| ROA | 8.62% | 11.24% | 16.04% | 6.36% | 5.19% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $146,996K ÷ $1,705,590K
= 8.62%
Boot Barn Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past five years. In fiscal year 2024, the company reported an ROA of 8.62%, a decrease from the prior year's 11.24%. Despite this decline, the ROA remains relatively healthy compared to historical performance. In fiscal year 2022, Boot Barn achieved a high ROA of 16.04%, indicating efficient utilization of assets to generate profit. However, in fiscal year 2021 and 2020, the ROA figures were lower at 6.36% and 5.19%, respectively.
Overall, the trend in ROA for Boot Barn Holdings Inc suggests variability in the company's ability to generate earnings from its assets efficiently. Investors and stakeholders should monitor future ROA performance to assess the company's ongoing profitability and asset management effectiveness.
Peer comparison
Mar 31, 2024