Boot Barn Holdings Inc (BOOT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 146,996 | 163,966 | 161,114 | 165,488 | 170,553 | 168,857 | 185,316 | 191,123 | 192,450 | 172,289 | 132,624 | 100,521 | 59,386 | 40,563 | 35,816 | 37,738 | 47,949 | 50,917 | 45,128 | 41,982 |
| 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 |
| 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% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $146,996K ÷ $1,705,590K
= 8.62%
Boot Barn Holdings Inc's return on assets (ROA) has shown a fluctuating trend over the past several quarters. The ROA decreased from 5.18% in December 2019 to 4.18% in June 2020, and then slightly increased to 4.55% in December 2020. Subsequently, there was a notable improvement in ROA to 6.36% in March 2021, followed by a steady increase to 16.04% in March 2022. However, the ROA declined to 8.62% in March 2024.
The ROA demonstrates the company's ability to generate profits from its assets. The decreasing trend from March 2022 to March 2024 may indicate challenges in efficiently utilizing assets to generate earnings. It would be crucial for the company to assess its asset utilization and profitability strategies to enhance the ROA in the future.
Peer comparison
Mar 31, 2024