Core & Main Inc (CNM)
Return on assets (ROA)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 371,000 | 366,000 | 166,000 |
| Total assets | US$ in thousands | 5,069,000 | 4,909,000 | 4,434,000 |
| ROA | 7.32% | 7.46% | 3.74% |
January 28, 2024 calculation
ROA = Net income ÷ Total assets
= $371,000K ÷ $5,069,000K
= 7.32%
Core & Main Inc's return on assets (ROA) has shown a fluctuating trend over the past three years. In January 2024, the ROA stood at 7.32%, a slight decrease from 7.46% in the previous year. Despite the dip, the ROA remains relatively strong compared to the 3.74% reported in January 2022. This indicates that the company is effectively generating earnings from its assets, although there may have been some efficiency challenges in the most recent period. Further analysis into the company's asset management, profitability, and operational efficiency may provide insights into the factors influencing the ROA fluctuations.