Lululemon Athletica Inc. (LULU)

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	2,132,680	1,328,410	1,333,360	819,986	889,110
Total assets	US$ in thousands	7,091,940	5,607,040	4,942,480	4,185,220	3,281,350
Operating ROA		30.07%	23.69%	26.98%	19.59%	27.10%

January 28, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $2,132,680K ÷ $7,091,940K
= 30.07%

Lululemon Athletica Inc.'s operating return on assets (operating ROA) has experienced fluctuations over the past five years. The company's operating ROA ranged from 19.59% to 30.07% during this period.

The highest operating ROA of 30.07% was achieved on Jan 28, 2024, indicating that the company generated $0.3007 in operating income for every $1 of assets employed. This suggests effective management in utilizing assets to generate operating profits.

Conversely, the lowest operating ROA of 19.59% was recorded on Jan 31, 2021. Despite the dip, the company still demonstrated an ability to efficiently generate operating income relative to its asset base.

Overall, Lululemon Athletica Inc.'s operating ROA performance reflects a generally positive trend, being above 20% in all years except 2021. The company appears to have effectively leveraged its assets to drive operating profitability, with the highest return achieved in 2024.