GameStop Corp (GME)
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 | 6,700 | -8,200 | -99,800 | -205,700 | -313,100 | -508,800 | -519,500 | -472,400 | -381,300 | -153,300 | -66,700 | -116,400 | -215,300 | -274,800 | -339,400 | -643,400 | -470,900 | -679,600 | -1,084,800 | -694,400 |
| Total assets | US$ in thousands | 2,709,000 | 3,146,900 | 2,803,700 | 3,070,200 | 3,113,400 | 3,322,500 | 2,799,500 | 3,125,500 | 3,499,300 | 3,762,000 | 3,545,800 | 2,562,700 | 2,472,600 | 2,601,400 | 2,375,200 | 2,469,000 | 2,819,700 | 3,145,600 | 2,987,900 | 3,633,300 |
| ROA | 0.25% | -0.26% | -3.56% | -6.70% | -10.06% | -15.31% | -18.56% | -15.11% | -10.90% | -4.07% | -1.88% | -4.54% | -8.71% | -10.56% | -14.29% | -26.06% | -16.70% | -21.60% | -36.31% | -19.11% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,700K ÷ $2,709,000K
= 0.25%
GameStop Corp's return on assets (ROA) has shown fluctuating performance over the past few years. The ROA has been consistently negative since November 2019, reaching a low of -36.31% in May 2019. This indicates that GameStop has been generating insufficient profits relative to its total assets during this period.
The ROA improved slightly in the most recent period to 0.25% as of February 3, 2024, suggesting a small increase in profitability relative to its asset base. However, it is important to note that even with this positive ROA figure, GameStop continues to face challenges in effectively utilizing its assets to generate profits.
Overall, GameStop Corp's ROA trend indicates a struggle to efficiently generate earnings from its assets, which may be a concerning factor for investors and stakeholders. Additional analysis of the company's operations and financial management strategies would be necessary to understand the underlying reasons for its ROA performance.