Macy’s Inc (M)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 929,000 | 358,000 | 1,188,000 | 1,289,000 | 1,232,000 | 1,427,000 | 657,000 | 578,000 | 736,000 | 1,288,000 | 1,840,000 | 1,788,000 | 1,736,000 | 1,461,000 | 1,184,000 | 1,455,000 | 2,278,000 | 2,892,000 | 3,016,000 | 3,076,000 |
| Total assets | US$ in thousands | 16,402,000 | 17,293,000 | 15,833,000 | 16,449,000 | 16,246,000 | 17,423,000 | 18,111,000 | 18,111,000 | 16,304,000 | 16,304,000 | 16,868,000 | 16,868,000 | 16,866,000 | 16,866,000 | 18,230,000 | 18,230,000 | 16,342,000 | 16,342,000 | 16,972,000 | 17,590,000 |
| Operating ROA | 5.66% | 2.07% | 7.50% | 7.84% | 7.58% | 8.19% | 3.63% | 3.19% | 4.51% | 7.90% | 10.91% | 10.60% | 10.29% | 8.66% | 6.49% | 7.98% | 13.94% | 17.70% | 17.77% | 17.49% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $929,000K ÷ $16,402,000K
= 5.66%
Macy’s Inc has shown fluctuations in its operating return on assets (operating ROA) over the periods provided. As of January 31, 2022, the operating ROA stood at 17.49%, indicating that the company was generating a strong return on its assets. This figure slightly increased to 17.77% by April 30, 2022, before declining to 13.94% by July 31, 2022.
However, Macy’s operating ROA experienced a significant drop to 7.98% on October 29, 2022, and further decreased to 6.49% by October 31, 2022. The company then saw a slight improvement in its operating ROA, reaching 10.29% by January 31, 2023, and peaking at 10.91% by April 30, 2023.
Subsequently, Macy’s operating ROA declined to 4.51% by July 31, 2023, and continued to decrease to 3.19% by October 28, 2023. The trend showed a small uptick to 3.63% by October 31, 2023, and further improvement to 8.19% by January 31, 2024.
However, the operating ROA declined again to 7.58% by February 3, 2024, and saw moderate changes in the following periods, with figures ranging from 7.84% on April 30, 2024, to 2.07% on October 31, 2024. As of January 31, 2025, the operating ROA stood at 5.66%.
Overall, Macy’s Inc has shown varying levels of operating ROA over the periods, experiencing fluctuations that reflect changes in the company's efficiency in generating profits from its assets. It is important for investors and stakeholders to monitor these trends to assess the company's financial performance and potential future prospects.
Peer comparison
Jan 31, 2025