Macy’s Inc (M)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 582,000 | 170,000 | 71,000 | -36,000 | -55,000 | -7,000 | 42,000 | 154,000 | 266,000 | 797,000 | 1,328,000 | 1,281,000 | 1,234,000 | 1,000,000 | 766,000 | 944,000 | 1,578,000 | 2,046,000 | 2,010,000 | 1,963,000 |
| 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 |
| ROA | 3.55% | 0.98% | 0.45% | -0.22% | -0.34% | -0.04% | 0.23% | 0.85% | 1.63% | 4.89% | 7.87% | 7.59% | 7.32% | 5.93% | 4.20% | 5.18% | 9.66% | 12.52% | 11.84% | 11.16% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $582,000K ÷ $16,402,000K
= 3.55%
Based on the provided data, Macy's Inc return on assets (ROA) has displayed fluctuations over the reported periods. ROA stood at 11.16% on January 31, 2022, showing a positive start. The ratio increased to 12.52% by July 30, 2022, indicating an improvement in asset efficiency. However, there was a decline to 4.20% on October 31, 2022, and further dropped to 0.23% by the end of January 31, 2023.
Subsequently, the ROA figures experienced some volatile movements, with values fluctuating between positive and negative territory. For instance, the ROA dipped into negative territory, reaching -0.34% on February 3, 2024. However, there were moments of recovery, such as a significant increase to 3.55% by January 31, 2025.
These fluctuations in ROA indicate varying levels of profitability Macy's Inc has been able to generate from its assets over time. It is essential for the company to assess the reasons behind these shifts and implement strategies to maintain and improve its return on assets in the future.
Peer comparison
Jan 31, 2025