Designer Brands Inc (DBI)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,062 | 162,676 | 154,481 | -488,719 | 94,497 |
| Total assets | US$ in thousands | 2,076,230 | 2,009,620 | 2,014,630 | 1,976,600 | 2,465,070 |
| ROA | 1.40% | 8.09% | 7.67% | -24.73% | 3.83% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $29,062K ÷ $2,076,230K
= 1.40%
The return on assets (ROA) of Designer Brands Inc has varied significantly over the past five years. In the most recent fiscal year ending February 3, 2024, Designer Brands Inc achieved an ROA of 1.40%, representing a decrease from the prior year's ROA of 8.09%. The company's ROA in fiscal year 2022 was slightly lower at 7.67%, indicating a modest decline compared to the peak performance in fiscal year 2023.
However, in fiscal year 2021, Designer Brands Inc experienced a notable negative ROA of -24.73%, which signifies that the company's net income was insufficient to cover its total assets. This negative performance was followed by a significant improvement in fiscal year 2020, where the ROA stood at 3.83%.
Overall, Designer Brands Inc's ROA has shown fluctuations over the years, with both positive and negative trends observed. It is essential for stakeholders to closely monitor the company's ability to generate profits relative to its total assets to assess its operational efficiency and financial health.
Peer comparison
Feb 3, 2024