Lululemon Athletica Inc. (LULU)

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	1,550,190	1,000,533	1,007,289	955,207	854,800	1,169,493	1,101,811	1,020,364	975,322	870,655	826,510	705,237	588,913	557,097	539,436	577,625	645,596	566,040	534,471	505,251
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
ROA		21.86%	16.61%	16.81%	17.14%	15.25%	22.03%	22.39%	21.72%	19.73%	19.04%	18.76%	16.29%	14.07%	15.36%	15.44%	18.04%	19.67%	19.83%	19.83%	20.51%

January 28, 2024 calculation

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

The return on assets (ROA) for Lululemon Athletica Inc. has shown a generally positive trend over the past several periods, indicating the company's ability to generate profits relative to its total assets. The ROA ranged from 14.07% to 22.39% during the period under review.

The highest ROA of 22.39% was recorded in the third quarter of fiscal year 2023, followed closely by the second quarter of the same year at 22.03%. These high levels of return on assets suggest efficient utilization of the company's assets to generate earnings.

The lowest ROA of 14.07% was observed in the first quarter of fiscal year 2021. Despite this dip, the company managed to maintain a competitive ROA in subsequent periods, showcasing its resilience and ability to improve asset efficiency.

Overall, Lululemon Athletica Inc.'s consistently strong ROA figures reflect its effectiveness in generating profits from its assets and indicate a solid financial performance.