Caleres Inc (CAL)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 171,391 | 181,742 | 137,019 | -439,114 | 62,819 |
| Total assets | US$ in thousands | 1,804,750 | 1,836,470 | 1,843,930 | 1,867,050 | 2,431,710 |
| ROA | 9.50% | 9.90% | 7.43% | -23.52% | 2.58% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $171,391K ÷ $1,804,750K
= 9.50%
Caleres Inc's return on assets (ROA) has shown some fluctuation over the past five years. In 2024, the ROA stood at 9.50%, which was slightly lower than the previous year's 9.90%. This indicates that the company generated 9.50 cents of profit for every dollar of assets it holds.
Comparing this to 2022, where the ROA was 7.43%, we see an improvement in profitability efficiency. However, in 2021, Caleres Inc experienced a negative ROA of -23.52%, suggesting that the company had trouble generating profits from its assets that year.
The positive trend continued from 2020 when the ROA was 2.58%, showing a steady increase in profitability efficiency over the years. Overall, Caleres Inc's ROA has shown both positive and negative fluctuations over the past five years, and it will be important to monitor future performance to assess the company's ability to effectively utilize its assets to generate profits.
Peer comparison
Feb 3, 2024