Caleres Inc (CAL)
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 | 194,455 | 189,573 | 179,002 | 197,719 | 214,327 | 232,290 | 259,761 | 254,133 | 205,808 | 106,601 | 45,354 | -41,578 | -485,659 | -424,611 | -401,211 | -339,267 | 103,813 | 3,707 | -16 | -5,677 |
| Total assets | US$ in thousands | 1,804,750 | 1,826,890 | 1,903,960 | 1,818,080 | 1,836,470 | 1,948,310 | 2,025,210 | 1,928,300 | 1,843,930 | 1,874,560 | 1,832,900 | 1,802,820 | 1,867,050 | 2,027,060 | 2,112,390 | 2,223,680 | 2,431,710 | 2,471,210 | 2,644,390 | 2,493,070 |
| Operating ROA | 10.77% | 10.38% | 9.40% | 10.88% | 11.67% | 11.92% | 12.83% | 13.18% | 11.16% | 5.69% | 2.47% | -2.31% | -26.01% | -20.95% | -18.99% | -15.26% | 4.27% | 0.15% | -0.00% | -0.23% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $194,455K ÷ $1,804,750K
= 10.77%
Caleres Inc's operating return on assets (operating ROA) has shown fluctuating trends over the specified periods. The operating ROA ranged from a high of 13.18% in April 2022 to a low of -26.01% in January 2021.
In recent periods, the operating ROA has generally been positive, indicating that the company is generating operating profits relative to its assets. Notably, the operating ROA improved from 5.69% in October 2021 to 10.77% in February 2024, suggesting enhanced operational efficiency and profitability.
However, the company experienced challenges in prior periods, as seen by negative operating ROA figures in 2021. Specifically, the operating ROA dropped significantly to -26.01% in January 2021 and remained negative through May 2021, indicating operational inefficiencies or losses during that time.
Overall, the recent positive trend in operating ROA reflects a positive turnaround for Caleres Inc, indicating improved asset utilization and operational performance. The company should continue to monitor and enhance its operating ROA to sustain long-term profitability and efficiency.
Peer comparison
Feb 3, 2024