Dick’s Sporting Goods Inc (DKS)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,046,520 | 1,043,140 | 1,519,870 | 530,251 | 297,462 |
| Total assets | US$ in thousands | 9,311,750 | 8,992,200 | 9,041,680 | 7,752,860 | 6,628,560 |
| ROA | 11.24% | 11.60% | 16.81% | 6.84% | 4.49% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $1,046,520K ÷ $9,311,750K
= 11.24%
Over the past five fiscal years, Dick’s Sporting Goods Inc has demonstrated varying levels of return on assets (ROA). The ROA for the most recent fiscal year (ending February 3, 2024) stood at 11.24%, representing a slight decrease from the previous year's ROA of 11.60%.
Looking back further, we observe a significant ROA of 16.81% for the fiscal year ending January 29, 2022, indicating strong asset utilization and profitability during that period. In contrast, the ROA for the fiscal year ending January 30, 2021, was lower at 6.84%, suggesting some challenges in generating earnings from its assets.
Furthermore, the ROA for the fiscal year ending February 1, 2020, was at 4.49%, indicating a consistent improvement in asset utilization and profitability over the past five years.
Overall, Dick’s Sporting Goods Inc has generally shown a positive trend in ROA over the analyzed period, with fluctuations that likely reflect changes in the company's operational efficiency and profitability. Evaluating ROA provides insights into how effectively the company is utilizing its assets to generate profits for its shareholders.
Peer comparison
Feb 3, 2024