Guess? Inc. (GES)
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 | 198,199 | 178,772 | 144,906 | 129,835 | 149,610 | 122,182 | 130,227 | 167,327 | 171,363 | 173,367 | 169,863 | 88,443 | -81,229 | -72,044 | -85,997 | -40,317 | 95,975 | 39,603 | 13,738 | 13,946 |
| 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 |
| ROA | 7.65% | 7.21% | 5.82% | 5.32% | 6.17% | 5.27% | 5.62% | 7.44% | 6.71% | 6.77% | 6.91% | 3.72% | -3.29% | -3.03% | -3.72% | -1.72% | 3.95% | 1.66% | 0.57% | 0.59% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $198,199K ÷ $2,590,020K
= 7.65%
Guess? Inc.'s return on assets (ROA) has shown fluctuations over the past several quarters. From Feb 3, 2024, to Oct 28, 2023, it increased from 7.21% to 7.65%, indicating an improvement in the company's ability to generate profit relative to its total assets. However, in the previous quarters, the ROA ranged from 5.82% to 6.91%, showing some variability in the company's asset utilization efficiency.
Of particular note is the sharp decline in ROA in the quarter ended Jan 30, 2021, where it dropped to -3.29%, indicating that the company's assets were not generating sufficient returns to cover its expenses or investments. This negative trend continued in the subsequent quarters until the company managed to turn around its performance, reaching positive ROA figures again.
Overall, the recent positive trend in ROA suggests that Guess? Inc. has been improving its efficiency in generating profits from its assets. Investors and stakeholders may find this trend encouraging as it indicates effective asset management and profitability potential in the company. However, continued monitoring of ROA is advised to assess the sustainability of this improvement in the company's financial performance.