Lululemon Athletica Inc. (LULU)

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	2,132,676	1,533,212	1,547,524	1,469,475	1,328,408	1,604,538	1,510,058	1,399,881	1,333,355	1,200,705	1,147,678	981,056	819,986	778,567	749,476	793,049	889,110	804,043	764,117	730,343
Total assets	US$ in thousands	7,091,940	6,022,260	5,992,460	5,571,540	5,607,040	5,309,440	4,920,710	4,697,210	4,942,480	4,572,010	4,405,100	4,329,830	4,185,220	3,627,920	3,494,030	3,201,790	3,281,350	2,855,140	2,694,740	2,463,020
Operating ROA		30.07%	25.46%	25.82%	26.37%	23.69%	30.22%	30.69%	29.80%	26.98%	26.26%	26.05%	22.66%	19.59%	21.46%	21.45%	24.77%	27.10%	28.16%	28.36%	29.65%

January 28, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,132,676K ÷ $7,091,940K
= 30.07%

The operating return on assets (operating ROA) for Lululemon Athletica Inc. has shown some variability over the periods analyzed. The operating ROA ranged from as low as 19.59% in January 2021 to as high as 30.69% in July 2022, with fluctuations in between. The highest operating ROA was observed in the mid to high 20s and low 30s percentages, indicating strong operational efficiency and profitability in utilizing its assets to generate earnings.

Overall, Lululemon Athletica Inc.'s operating ROA has demonstrated a generally positive trend, with most values consistently above 20%. This suggests that the company has been effective in generating profits relative to its total assets, reflecting efficient management and utilization of its asset base. Investors and stakeholders may view this positively as it indicates a solid operational performance and potential return on investment.