Lowe's Companies Inc (LOW)
Return on assets (ROA)
| Jan 31, 2025 | Feb 2, 2024 | Jan 31, 2024 | Feb 3, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,957,000 | 7,726,000 | 7,726,000 | 6,437,000 | 6,437,000 |
| Total assets | US$ in thousands | 43,102,000 | 41,795,000 | 41,795,000 | 43,708,000 | 43,708,000 |
| ROA | 16.14% | 18.49% | 18.49% | 14.73% | 14.73% |
January 31, 2025 calculation
ROA = Net income ÷ Total assets
= $6,957,000K ÷ $43,102,000K
= 16.14%
Lowe's Companies Inc has demonstrated a consistent and strong return on assets (ROA) performance over the reported periods. The ROA increased from 14.73% in January 2023 and February 3, 2023, to 18.49% in January 31, 2024 and February 2, 2024, showing a significant improvement in profitability. However, there was a slight decrease to 16.14% in January 31, 2025. Overall, the company has effectively utilized its assets to generate profits, with the highest ROA recorded in January 31, 2024. This stable and relatively high ROA indicates efficient asset management and effective utilization of resources by Lowe's.
Peer comparison
Jan 31, 2025