Chewy Inc (CHWY)

Return on assets (ROA)

Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020
Net income (ttm) US$ in thousands 404,209 364,905 85,995 41,957 13,798 51,481 53,619 49,232 -20,481 -55,033 -94,064 -73,817 10,840 10,234 -5,897 -92,486 -174,474 -220,627 -270,686 -252,370
Total assets US$ in thousands 2,957,900 3,102,490 3,201,050 3,186,850 2,936,480 2,904,010 2,738,340 2,519,820 2,491,160 2,368,510 2,190,040 2,086,280 2,195,480 2,018,360 1,898,530 1,740,910 1,643,240 1,144,840 1,123,370 932,321
ROA 13.67% 11.76% 2.69% 1.32% 0.47% 1.77% 1.96% 1.95% -0.82% -2.32% -4.30% -3.54% 0.49% 0.51% -0.31% -5.31% -10.62% -19.27% -24.10% -27.07%

October 27, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $404,209K ÷ $2,957,900K
= 13.67%

The return on assets (ROA) for Chewy Inc has varied significantly over the past several quarters. In the most recent quarter, ending October 27, 2024, the ROA was 13.67%, showing a strong performance in generating profits relative to its total assets. This represents an improvement from the previous quarter's ROA of 11.76% as of July 28, 2024.

Looking back further, the ROA experienced a significant increase from the beginning of the year. In the quarter ending April 28, 2024, the ROA was 2.69%, demonstrating a notable improvement from the ROA of 1.32% as of January 28, 2024.

The trend continues with further quarterly data showing a consistent increase in ROA over the past year. However, it is important to note that the company previously faced challenges with negative ROA figures, particularly evident in the quarters ending October 30, 2022, and July 31, 2022, with ROA values of -0.82% and -2.32% respectively.

Overall, the recent positive trend in ROA indicates that Chewy Inc is efficiently utilizing its assets to generate profits, reflecting improved operational performance and potentially positive prospects for future financial results.