Burlington Stores Inc (BURL)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,454,517 | -2,378,044 | -2,348,906 | -2,301,176 | -2,269,020 | -2,264,619 | -2,198,394 | -2,065,539 | -1,872,652 | -453,823 | -432,247 | 502,645 | 900,844 | 858,647 | 2,157,476 | 2,381,086 | 3,032,503 | 2,940,737 | 2,881,180 | 2,816,397 |
| Total assets | US$ in thousands | 7,706,840 | 7,493,700 | 6,915,540 | 7,003,880 | 7,269,600 | 7,101,510 | 6,733,360 | 6,933,480 | 7,089,510 | 7,277,830 | 6,992,500 | 7,051,040 | 6,781,090 | 6,908,800 | 6,369,930 | 6,640,680 | 5,593,860 | 5,507,590 | 5,046,440 | 5,065,240 |
| Operating ROA | -31.85% | -31.73% | -33.97% | -32.86% | -31.21% | -31.89% | -32.65% | -29.79% | -26.41% | -6.24% | -6.18% | 7.13% | 13.28% | 12.43% | 33.87% | 35.86% | 54.21% | 53.39% | 57.09% | 55.60% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,454,517K ÷ $7,706,840K
= -31.85%
Burlington Stores Inc's operating return on assets (ROA) has shown significant fluctuations over the past few quarters. The trend indicates a decline in performance from the end of fiscal 2019 to the first three quarters of fiscal 2022, with negative operating ROA figures ranging from -31.85% to -26.41%. This suggests that the company's operating income generated from its assets was insufficient to cover the asset base during this period.
However, the operating ROA started to improve in the fourth quarter of fiscal 2022 and continued to show positive growth in the following quarters. The positive figures of 7.13% and 13.28% in the first and second quarters of fiscal 2023, respectively, indicate that the company managed to increase its operating income relative to its asset base. This positive trend continued with even higher figures in the subsequent quarters, reaching levels of 54.21% and 55.60% in the last two quarters.
Overall, Burlington Stores Inc's operating ROA has shown a marked turnaround from a period of underperformance to a phase of significant improvement, reflecting better operational efficiency and profitability in utilizing its assets to generate income. This trend in operating ROA indicates a positive trajectory for the company's financial performance.
Peer comparison
Feb 3, 2024