Burlington Stores Inc (BURL)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 339,649 | 230,123 | 408,839 | -216,499 | 465,116 |
| Total assets | US$ in thousands | 7,706,840 | 7,269,600 | 7,089,510 | 6,781,090 | 5,593,860 |
| ROA | 4.41% | 3.17% | 5.77% | -3.19% | 8.31% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $339,649K ÷ $7,706,840K
= 4.41%
Burlington Stores Inc's return on assets (ROA) has shown fluctuating performance over the past five years. In the most recent fiscal year as of February 3, 2024, the ROA was 4.41%, indicating that the company generated a return of approximately 4.41 cents for every dollar of assets held. This represents an improvement compared to the previous year, where the ROA was 3.17%.
Looking further back, the company's ROA was notably higher in the fiscal year ending January 29, 2022, at 5.77%, suggesting more efficient asset utilization during that period. In contrast, the ROA turned negative in the fiscal year ending January 30, 2021, with a figure of -3.19%, which is indicative of the company experiencing a net loss in relation to its asset base during that period.
The best performance in terms of ROA over the past five years was observed in the fiscal year ending February 1, 2020, where Burlington Stores Inc achieved an ROA of 8.31%, signaling strong profitability relative to its asset holdings.
Overall, the trend in Burlington Stores Inc's ROA demonstrates variability in the company's ability to generate profits from its assets, with some years showing more efficient asset utilization and profitability than others. It is important for investors and stakeholders to monitor these fluctuations to assess the company's financial health and operational efficiency.
Peer comparison
Feb 3, 2024