Home Depot Inc (HD)
Return on assets (ROA)
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,143,000 | 17,105,000 | 16,433,000 | 12,866,000 | 11,242,000 |
| Total assets | US$ in thousands | 76,530,000 | 76,445,000 | 71,876,000 | 70,581,000 | 51,236,000 |
| ROA | 19.79% | 22.38% | 22.86% | 18.23% | 21.94% |
January 28, 2024 calculation
ROA = Net income ÷ Total assets
= $15,143,000K ÷ $76,530,000K
= 19.79%
Over the past five years, Home Depot Inc's return on assets (ROA) has demonstrated fluctuation. In the most recent fiscal year ending on January 28, 2024, Home Depot's ROA stood at 19.79%, showing a decrease compared to the previous years. However, it is worth noting that the ROA was at its highest in fiscal year 2022, at 22.86%, before experiencing a slight decline in the following years.
The overall trend indicates that Home Depot has been effectively utilizing its assets to generate profits, as reflected in its consistently positive ROA figures. While there was a slight dip in ROA in the most recent year, it is essential to consider the company's operational efficiency, capital structure, and industry dynamics to gain a comprehensive understanding of its asset utilization and profitability performance.
Peer comparison
Jan 28, 2024