Core & Main Inc (CNM)
Operating return on assets (Operating ROA)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 740,000 | 775,000 | 425,000 |
| Total assets | US$ in thousands | 5,069,000 | 4,909,000 | 4,434,000 |
| Operating ROA | 14.60% | 15.79% | 9.59% |
January 28, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $740,000K ÷ $5,069,000K
= 14.60%
Core & Main Inc's operating return on assets (operating ROA) has shown a slight decline from 15.79% in January 2023 to 14.60% in January 2024. This indicates that the company generated approximately $0.146 in operating income for every dollar of assets in 2024, down from $0.158 in 2023. Despite the decrease, the operating ROA remains relatively high, suggesting that the company is effectively using its assets to generate operating profits. Comparing the latest figure to the 9.59% reported in January 2022, Core & Main Inc has shown overall improvement in utilizing its assets efficiently to generate operating earnings over the past three years. This trend indicates that the company has been successful in managing its operations to generate profits relative to its asset base.