Home Depot Inc (HD)

Return on assets (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
Net income (ttm)	US$ in thousands	15,143,000	15,704,000	16,233,000	16,747,000	17,105,000	17,095,000	16,885,000	16,519,000	16,433,000	15,938,000	15,241,000	14,766,000	12,866,000	12,490,000	11,827,000	10,974,000	11,242,000	11,105,000	11,203,000	11,230,000
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
ROA		19.79%	20.78%	21.25%	21.92%	22.38%	22.24%	22.27%	21.57%	22.86%	21.82%	21.54%	20.35%	18.23%	18.66%	18.67%	18.68%	21.94%	21.23%	21.54%	21.80%

January 28, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $15,143,000K ÷ $76,530,000K
= 19.79%

The return on assets (ROA) for Home Depot Inc has exhibited fluctuations over the past few quarters. The ROA was relatively high, standing at 19.79% in January 2024, but slightly decreased from the previous quarter's 20.78%. The trend of ROA has shown a generally positive trajectory, with occasional minor fluctuations. Over the past year, the ROA has ranged from a low of 18.23% in January 2021 to a high of 22.86% in January 2022.

Overall, Home Depot Inc has been effective in generating profits from its assets, as indicated by the ROA consistently above 18%. The company's ability to efficiently utilize its assets to generate earnings has remained strong, reflecting positively on its operational and financial performance. Despite some variability in ROA from quarter to quarter, the long-term trend suggests a stable and profitable asset management strategy.