Dick’s Sporting Goods Inc (DKS)
Operating return on assets (Operating ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,282,360 | 1,463,020 | 2,034,500 | 741,477 | 375,613 |
| Total assets | US$ in thousands | 9,311,750 | 8,992,200 | 9,041,680 | 7,752,860 | 6,628,560 |
| Operating ROA | 13.77% | 16.27% | 22.50% | 9.56% | 5.67% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,282,360K ÷ $9,311,750K
= 13.77%
Operating ROA measures how efficiently a company generates operating income from its assets. Dick's Sporting Goods Inc has shown fluctuations in its operating ROA over the past five years.
In 2024, the operating ROA stood at 13.77%, representing a slight decrease from the previous year's level of 16.27%. However, it is still higher than the levels recorded in 2021 (22.50%) and 2020 (9.56%). This indicates that the company is currently less efficient in generating operating income from its assets compared to the peak performance in 2022 but is performing better than in earlier years.
It is essential for Dick's Sporting Goods Inc to closely monitor and manage its asset utilization to improve its operating ROA and enhance overall operational efficiency.
Peer comparison
Feb 3, 2024