Guess? Inc. (GES)

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	263,277	222,002	222,030	210,876	248,173	270,022	280,892	314,834	305,037	251,509	230,305	128,568	-60,497	-35,863	-57,681	2,655	140,671	110,889	66,735	52,629
Total assets	US$ in thousands	2,590,020	2,478,780	2,489,160	2,440,720	2,425,450	2,316,620	2,316,670	2,250,010	2,555,630	2,562,440	2,456,900	2,378,010	2,465,870	2,380,010	2,310,730	2,346,750	2,428,960	2,390,900	2,402,200	2,381,760
Operating ROA		10.17%	8.96%	8.92%	8.64%	10.23%	11.66%	12.12%	13.99%	11.94%	9.82%	9.37%	5.41%	-2.45%	-1.51%	-2.50%	0.11%	5.79%	4.64%	2.78%	2.21%

February 3, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $263,277K ÷ $2,590,020K
= 10.17%

The operating return on assets (operating ROA) of Guess? Inc. has shown fluctuations over the past 20 quarters. The highest operating ROA was recorded at 13.99% on April 30, 2022, followed by peaks in the range of 10-12% in the preceding quarters. However, there have been periods of decline as well, with the lowest operating ROAs of -2.50% on August 1, 2020, and -2.45% on January 30, 2021.

Overall, it is evident that Guess? Inc. has experienced varying levels of efficiency in generating operating profits relative to its total assets during the period under review. The company's management may need to closely monitor the factors contributing to these fluctuations in operational performance to ensure sustained profitability and effective asset utilization in the future.