Macy’s Inc (M)
Return on assets (ROA)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 106,000 | 685,000 | 750,000 | 1,047,000 | 1,178,000 | 1,412,000 | 1,543,000 | 1,613,000 | 1,430,000 | 847,000 | 517,000 | -259,000 | -3,943,000 | -3,763,000 | -3,670,000 | -3,153,000 | 564,000 | 964,000 | 1,024,000 | 1,104,000 |
| Total assets | US$ in thousands | 16,246,000 | 18,111,000 | 16,304,000 | 16,868,000 | 16,866,000 | 18,230,000 | 16,342,000 | 16,972,000 | 17,590,000 | 18,279,000 | 18,417,000 | 18,082,000 | 17,706,000 | 19,214,000 | 17,614,000 | 18,581,000 | 21,172,000 | 22,547,000 | 20,741,000 | 21,296,000 |
| ROA | 0.65% | 3.78% | 4.60% | 6.21% | 6.98% | 7.75% | 9.44% | 9.50% | 8.13% | 4.63% | 2.81% | -1.43% | -22.27% | -19.58% | -20.84% | -16.97% | 2.66% | 4.28% | 4.94% | 5.18% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $106,000K ÷ $16,246,000K
= 0.65%
Macy's Inc's return on assets (ROA) has exhibited fluctuations over the analyzed period. The ROA decreased significantly from -22.27% in January 2021 to -16.97% in April 2020, before showing an improvement to 2.66% in August 2020. The positive trend continued with ROA reaching 6.98% in January 2023. However, a decline was observed in the most recent data point, with ROA standing at 0.65% in February 2024.
Overall, Macy's ROA has been volatile, experiencing both positive and negative fluctuations. It is important for stakeholders to closely monitor this metric to understand the company's efficiency in generating profits from its assets.
Peer comparison
Feb 3, 2024