Core & Main Inc (CNM)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 719,000 | 740,000 | 740,000 | 775,000 | 775,000 |
| Total assets | US$ in thousands | 5,870,000 | 5,069,000 | 5,069,000 | 4,909,000 | 4,909,000 |
| Operating ROA | 12.25% | 14.60% | 14.60% | 15.79% | 15.79% |
January 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $719,000K ÷ $5,870,000K
= 12.25%
Core & Main Inc's operating return on assets (operating ROA) has shown a gradual decline over the past few years. Starting at 15.79% in January 2023 and remaining constant in January 2023, it decreased to 14.60% in January 2024 and has further dropped to 12.25% in January 2025. This downward trend indicates that the company's operating efficiency in generating profits from its assets has been declining. It is essential for Core & Main Inc to assess and address the factors contributing to this decline to improve its operational performance and enhance its profitability in the future.