Capri Holdings Ltd (CPRI)
Return on assets (ROA)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -229,000 | 209,000 | 329,000 | 463,000 | 616,000 | 731,000 | 828,000 | 804,000 | 822,000 | 558,000 | 415,000 | 337,000 | -62,000 | -430,000 | -399,000 | -448,000 | -223,000 | 347,000 | 337,000 | 402,000 |
| Total assets | US$ in thousands | 6,689,000 | 7,617,000 | 7,346,000 | 7,409,000 | 7,295,000 | 7,554,000 | 7,202,000 | 7,610,000 | 7,480,000 | 7,680,000 | 7,493,000 | 7,624,000 | 7,481,000 | 7,765,000 | 7,803,000 | 7,533,000 | 7,946,000 | 8,325,000 | 8,393,000 | 8,308,000 |
| ROA | -3.42% | 2.74% | 4.48% | 6.25% | 8.44% | 9.68% | 11.50% | 10.57% | 10.99% | 7.27% | 5.54% | 4.42% | -0.83% | -5.54% | -5.11% | -5.95% | -2.81% | 4.17% | 4.02% | 4.84% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-229,000K ÷ $6,689,000K
= -3.42%
Capri Holdings Ltd's return on assets (ROA) has exhibited fluctuating trends over the past few quarters. The ROA was negative at -3.42% as of March 31, 2024, indicating that the company's net income generated from its assets was insufficient to cover the total assets' value, which could be a cause for concern. Prior to that, in December 2023, the ROA stood at 2.74%, representing a moderate return on assets.
Looking further back at the trend, Capri Holdings experienced a declining ROA from March 2023 at 8.44% to September 2023 at 4.48%, before witnessing an improvement to 6.25% in June 2023. Notably, the ROA peaked at 11.50% in September 2022, indicating a significant profitability level relative to its asset base.
Overall, Capri Holdings' ROA has shown variability in performance, with both positive and negative values observed. It is essential for stakeholders to monitor these fluctuations closely, as they may indicate changes in the company's efficiency in utilizing its assets to generate profits. Further analysis and comparison with industry benchmarks could provide additional insights into the company's financial health and operational effectiveness.
Peer comparison
Mar 31, 2024