Foot Locker Inc (FL)
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 | 142,000 | 581,000 | 870,000 | 309,000 | 649,000 |
| Total assets | US$ in thousands | 6,868,000 | 7,907,000 | 8,135,000 | 7,043,000 | 6,589,000 |
| Operating ROA | 2.07% | 7.35% | 10.69% | 4.39% | 9.85% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $142,000K ÷ $6,868,000K
= 2.07%
Foot Locker Inc's operating return on assets (ROA) has shown fluctuations over the past five years. The operating ROA decreased from 9.85% in February 2020 to 4.39% in January 2021, reflecting a significant decline in profitability. However, the company managed to improve its operating ROA to 10.69% in January 2022, indicating a strong performance in utilizing its assets to generate operating income. Subsequently, there was a notable decrease in operating ROA to 7.35% in January 2023, suggesting some challenges in maintaining profitability. The latest data available for February 2024 shows a further decline in operating ROA to 2.07%, indicating a decrease in efficiency in generating operating income relative to the company's assets. It is advisable for investors and stakeholders to monitor Foot Locker Inc's asset efficiency and profitability trends closely to assess its financial performance and sustainability.
Peer comparison
Feb 3, 2024