Home Depot Inc (HD)
Operating return on assets (Operating ROA)
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 21,689,000 | 22,298,000 | 23,040,000 | 23,661,000 | 24,039,000 | 24,112,000 | 23,759,000 | 23,188,000 | 23,040,000 | 22,298,000 | 21,355,000 | 20,783,000 | 18,278,000 | 17,598,000 | 16,693,000 | 15,522,000 | 15,843,000 | 15,818,000 | 15,741,000 | 15,746,000 |
| Total assets | US$ in thousands | 76,530,000 | 75,577,000 | 76,387,000 | 76,386,000 | 76,445,000 | 76,866,000 | 75,825,000 | 76,567,000 | 71,876,000 | 73,031,000 | 70,769,000 | 72,567,000 | 70,581,000 | 66,919,000 | 63,349,000 | 58,737,000 | 51,236,000 | 52,309,000 | 52,010,000 | 51,515,000 |
| Operating ROA | 28.34% | 29.50% | 30.16% | 30.98% | 31.45% | 31.37% | 31.33% | 30.28% | 32.06% | 30.53% | 30.18% | 28.64% | 25.90% | 26.30% | 26.35% | 26.43% | 30.92% | 30.24% | 30.27% | 30.57% |
January 28, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $21,689,000K ÷ $76,530,000K
= 28.34%
Based on the data provided, Home Depot Inc's operating return on assets (operating ROA) has shown a relatively stable performance over the period. The operating ROA ranged from a high of 32.06% in January 30, 2022, to a low of 25.90% in January 31, 2021. The average operating ROA over the period was approximately 29.97%.
Home Depot Inc's operating ROA fluctuated within a narrow range, with the highest being 31.45% in January 29, 2023, and the lowest being 25.90% in January 31, 2021. This indicates the company's ability to generate earnings from its assets, with a notable peak in efficiency in early 2023.
Overall, Home Depot Inc has maintained a solid operating ROA, indicating effective management of its assets to generate operating income. Further analysis of the company's financial statements and industry benchmarks could provide additional insights into its operational efficiency and financial performance.
Peer comparison
Jan 28, 2024