Dick’s Sporting Goods Inc (DKS)
Operating return on assets (Operating ROA)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,282,363 | 1,221,182 | 1,273,702 | 1,422,121 | 1,463,019 | 1,627,436 | 1,721,840 | 1,925,215 | 2,034,503 | 1,849,430 | 1,675,655 | 1,403,459 | 741,477 | 550,188 | 349,720 | 113,366 | 375,612 | 418,710 | 425,951 | 433,475 |
| Total assets | US$ in thousands | 9,311,750 | 9,282,330 | 9,357,360 | 9,107,810 | 8,992,200 | 8,956,600 | 9,065,280 | 9,219,800 | 9,041,680 | 7,999,280 | 8,386,160 | 8,066,580 | 7,752,860 | 7,565,490 | 7,152,570 | 7,952,550 | 6,628,560 | 7,207,000 | 6,915,220 | 6,911,990 |
| Operating ROA | 13.77% | 13.16% | 13.61% | 15.61% | 16.27% | 18.17% | 18.99% | 20.88% | 22.50% | 23.12% | 19.98% | 17.40% | 9.56% | 7.27% | 4.89% | 1.43% | 5.67% | 5.81% | 6.16% | 6.27% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,282,363K ÷ $9,311,750K
= 13.77%
Operating return on assets (Operating ROA) is a critical financial ratio that measures a company's ability to generate operating profits from its assets. Dick’s Sporting Goods Inc's Operating ROA has shown fluctuations over the periods analyzed.
From May 4, 2019, to Feb 3, 2024, the Operating ROA ranged from a low of 1.43% to a high of 23.12%. During this time, there has been variability in the company's efficiency in generating operating income relative to its total assets.
The trend in Operating ROA indicates an initial increase from 6.27% in Nov 2, 2019 to a peak of 23.12% in Jan 29, 2022, signifying improved asset utilization and operational performance. Subsequently, there was a decline in the ratio to 4.89% by May 2, 2020, possibly indicating challenges or changes in operating efficiency and profitability.
However, from May 2, 2020, to Feb 3, 2024, there has been a general upward trend in the Operating ROA, reaching 13.77% by the latest reporting date. This improvement suggests enhanced operational efficiency and profitability, showcasing the company's ability to generate more operating income per dollar of assets.
Overall, the Operating ROA trend reflects the company's ability to generate profits from its assets, with fluctuations seen over time, potentially influenced by changes in operational performance, asset utilization, and overall business strategies. Further analysis of the company's operations and asset management practices could provide insights into the factors driving these fluctuations in the Operating ROA ratio.
Peer comparison
Feb 3, 2024