GameStop Corp (GME)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,700 | -313,100 | -381,300 | -215,300 | -470,900 |
| Total assets | US$ in thousands | 2,709,000 | 3,113,400 | 3,499,300 | 2,472,600 | 2,819,700 |
| ROA | 0.25% | -10.06% | -10.90% | -8.71% | -16.70% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $6,700K ÷ $2,709,000K
= 0.25%
GameStop Corp's return on assets (ROA) has shown variability over the past five years. As of February 3, 2024, the ROA stands at a relatively low 0.25%, indicating that the company generated a modest return on its total assets during that period. This is a significant improvement compared to the negative ROA figures observed in the previous years, including -10.06% in January 2023, -10.90% in January 2022, -8.71% in January 2021, and -16.70% in February 2020.
The negative ROA figures in the previous periods suggest that GameStop Corp struggled to efficiently utilize its assets to generate profits, resulting in overall poor financial performance. However, the recent improvement in ROA to a positive figure may indicate potential positive changes in the company's operational efficiency and profitability. Further analysis and monitoring of GameStop Corp's financial performance will be crucial to assess whether this improvement in ROA is sustainable and indicative of a positive trend in the company's financial health.