Lululemon Athletica Inc. (LULU)

Return on assets (ROA)

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Net income	US$ in thousands	1,550,190	854,800	975,322	588,913	645,596
Total assets	US$ in thousands	7,091,940	5,607,040	4,942,480	4,185,220	3,281,350
ROA		21.86%	15.25%	19.73%	14.07%	19.67%

January 28, 2024 calculation

ROA = Net income ÷ Total assets
= $1,550,190K ÷ $7,091,940K
= 21.86%

The return on assets (ROA) of Lululemon Athletica Inc. has shown a positive trend over the past five years. The ROA increased from 19.67% in fiscal year 2020 to 21.86% in fiscal year 2024, indicating an improvement in the company's ability to generate profit from its assets. This upward trajectory suggests that Lululemon Athletica Inc. is effectively utilizing its assets to generate earnings for its shareholders. The strong performance in ROA demonstrates the company's efficiency and profitability in converting its resources into profits over the years.