Core & Main Inc (CNM)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 371,000 | 362,000 | 361,000 | 366,000 | 366,000 | 340,000 | 293,000 | 205,000 | |||
| Total assets | US$ in thousands | 5,069,000 | 5,067,000 | 5,039,000 | 4,929,000 | 4,909,000 | 5,190,000 | 5,148,000 | 4,894,000 | 4,434,000 | 4,380,800 | 4,053,300 |
| ROA | 7.32% | 7.14% | 7.16% | 7.43% | 7.46% | 6.55% | 5.69% | 4.19% |
January 28, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $371,000K ÷ $5,069,000K
= 7.32%
Core & Main Inc's return on assets (ROA) has shown a generally positive trend over the past few quarters, ranging from 4.19% in May 1, 2022, to a peak of 7.46% in Jan 29, 2023. This indicates that the company has been effective in generating profits relative to its assets during this period. The ROA decreased slightly to 7.32% in the most recent quarter, Jan 28, 2024, but remains at a relatively healthy level.
The consistent ROA above 5% suggests that Core & Main Inc has been efficiently utilizing its assets to generate earnings. However, investors may want to monitor future ROA figures to ensure sustained profitability and effectiveness in asset management strategies.