Salesforce.com Inc (CRM)
Return on assets (ROA)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,136,000 | 208,000 | 1,444,000 | 4,072,000 | 126,000 |
| Total assets | US$ in thousands | 99,823,000 | 98,849,000 | 95,209,000 | 66,301,000 | 55,126,000 |
| ROA | 4.14% | 0.21% | 1.52% | 6.14% | 0.23% |
January 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,136,000K ÷ $99,823,000K
= 4.14%
Salesforce Inc's Return on Assets (ROA) has shown varying performance over the past five years. In 2024, the ROA improved significantly to 4.14% compared to the previous year, where it was only at 0.21%. This indicates that the company was able to generate a higher level of net income relative to its total assets in the most recent fiscal year.
However, looking back further, in 2021, the ROA was notably higher at 6.14%, suggesting that the company was more efficient in utilizing its assets to generate profits in that year. The ROA then dropped to 1.52% in 2022, before experiencing a significant improvement in 2023 and a notable surge in 2024.
Overall, Salesforce Inc's ROA has demonstrated fluctuations over the past five years, indicating changes in the company's efficiency in generating profits from its assets. This metric is important for assessing the company's profitability and operational efficiency.
Peer comparison
Jan 31, 2024