Dollar General Corporation (DG)

Operating return on assets (Operating ROA)

		Feb 2, 2024	Nov 3, 2023	Aug 4, 2023	May 5, 2023	Feb 3, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019	Aug 2, 2019	May 3, 2019
Operating income (ttm)	US$ in thousands	2,446,300	2,799,820	3,101,891	3,323,003	3,328,302	3,191,797	3,121,840	3,057,982	3,220,675	3,296,230	3,403,772	3,596,834	3,554,768	3,403,419	3,121,706	2,656,851	2,302,304	2,219,932	2,170,658	2,138,359
Total assets	US$ in thousands	30,795,600	30,624,600	30,395,600	29,803,900	29,083,400	29,007,200	28,239,300	26,956,300	26,327,400	25,925,300	25,487,800	25,236,700	25,862,600	26,153,400	25,847,400	24,848,300	22,825,100	22,412,800	21,917,500	21,304,300
Operating ROA		7.94%	9.14%	10.21%	11.15%	11.44%	11.00%	11.05%	11.34%	12.23%	12.71%	13.35%	14.25%	13.74%	13.01%	12.08%	10.69%	10.09%	9.90%	9.90%	10.04%

February 2, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,446,300K ÷ $30,795,600K
= 7.94%

Operating return on assets (operating ROA) is a key financial ratio that reveals how efficiently a company generates profits from its assets used in operations. Dollar General Corporation's operating ROA has shown fluctuations over the historical periods provided.

The operating ROA ranged from a low of 7.94% in February 2024 to a high of 14.25% in July 2021. The ratio peaked in July 2021 and then gradually decreased before showing a slight rebound in the most recent period of February 2024.

Overall, Dollar General Corporation's operating ROA has generally been above 10% over the past two years, indicating the company's ability to effectively utilize its assets to generate operating income. However, the fluctuations suggest that there may have been changes in operating efficiency or profitability drivers over the periods analyzed. The consistent performance above the 10% threshold is a positive sign, but the company may need to focus on maintaining or improving these levels to sustain profitability in the long term.