Dell Technologies Inc (DELL)

Return on assets (ROA)

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Net income	US$ in thousands	3,211,000	2,442,000	5,563,000	3,250,000	4,616,000
Total assets	US$ in thousands	82,089,000	89,611,000	92,735,000	123,415,000	118,861,000
ROA		3.91%	2.73%	6.00%	2.63%	3.88%

February 2, 2024 calculation

ROA = Net income ÷ Total assets
= $3,211,000K ÷ $82,089,000K
= 3.91%

Dell Technologies Inc's return on assets (ROA) has varied over the past five years. In the most recent fiscal year ending on February 2, 2024, the company reported an ROA of 3.91%, which indicates that it generated 3.91 cents of profit for every dollar of assets owned. This represents an increase compared to the previous year, where the ROA stood at 2.73% on February 3, 2023.

Looking back further, Dell's ROA was at its highest in the fiscal year ending on January 28, 2022, at 6.00%. This suggests that the company was more efficient in generating profits relative to its assets during that period. However, the ROA dipped to 2.63% on January 29, 2021, before rebounding to 3.88% on January 31, 2020.

Overall, Dell's ROA shows some fluctuation over the years, with a general upward trend in recent years. This indicates that the company has been improving its efficiency in generating profits from its assets and managing its asset base effectively. However, it's important to consider other factors and ratios in conjunction with ROA to gain a more complete understanding of Dell's financial performance and asset utilization.