Dollar Tree Inc (DLTR)

Return on assets (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
Net income (ttm)	US$ in thousands	-998,400	1,163,600	1,218,500	1,378,000	1,615,400	1,617,400	1,567,300	1,489,800	1,327,900	1,376,500	1,489,700	1,468,800	1,341,900	962,100	887,900	806,700	827,000	-1,603,000	-1,577,000	-1,483,400
Total assets	US$ in thousands	22,023,500	24,031,200	23,428,000	23,108,600	23,022,100	22,909,500	22,676,300	22,372,300	21,721,800	21,390,000	20,445,200	21,050,700	20,696,000	20,652,200	20,671,000	20,471,800	19,574,600	19,742,100	19,493,800	19,354,300
ROA		-4.53%	4.84%	5.20%	5.96%	7.02%	7.06%	6.91%	6.66%	6.11%	6.44%	7.29%	6.98%	6.48%	4.66%	4.30%	3.94%	4.22%	-8.12%	-8.09%	-7.66%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-998,400K ÷ $22,023,500K
= -4.53%

Dollar Tree Inc's return on assets (ROA) has fluctuated over the past several periods. The ROA was negative at -4.53% on February 3, 2024, indicating that the company's net income generated from its assets was insufficient to cover its total assets for that period. However, in previous periods, the ROA showed positive values ranging from 3.94% to 7.29%, with the highest value observed on July 31, 2021.

The fluctuations in ROA suggest varying levels of efficiency in utilizing its assets to generate profits. A higher ROA implies better asset utilization and profitability, indicating a more efficient operation. Dollar Tree Inc may need to focus on improving its profitability relative to its asset base to enhance its overall financial performance. Further analysis of the company's financial statements and operational strategies would be necessary to understand the drivers behind the changes in ROA over time.