Home Depot Inc (HD)
Operating return on assets (Operating ROA)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 21,689,000 | 24,039,000 | 23,040,000 | 18,278,000 | 15,843,000 |
| Total assets | US$ in thousands | 76,530,000 | 76,445,000 | 71,876,000 | 70,581,000 | 51,236,000 |
| Operating ROA | 28.34% | 31.45% | 32.06% | 25.90% | 30.92% |
January 28, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $21,689,000K ÷ $76,530,000K
= 28.34%
The operating return on assets (operating ROA) for Home Depot Inc has shown a fluctuating trend over the past five years. Starting from 30.92% in February 2020, it peaked at 32.06% in January 2022 before experiencing a slight decline. The latest data as of January 28, 2024, indicates an operating ROA of 28.34%.
Overall, Home Depot Inc has maintained a strong operating ROA above 25% during this period, reflecting its effectiveness in generating operating income relative to its total assets. Despite the slight dip in the most recent year, the company's ability to efficiently utilize its assets to generate operating profits remains apparent. This consistent performance suggests that Home Depot Inc has been effectively managing its assets to drive operational success.
Peer comparison
Jan 28, 2024