Macy’s Inc (M)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,011,000 | 302,000 | 226,000 | 92,000 | 31,000 | 108,000 | 308,000 | 455,000 | 617,000 | 1,291,000 | 1,845,000 | 1,788,000 | 1,708,000 | 1,436,000 | 1,165,000 | 1,419,000 | 2,241,000 | 2,859,000 | 2,942,000 | 2,853,000 |
| Long-term debt | US$ in thousands | — | — | — | — | 2,706,000 | — | — | 2,325,000 | — | 2,482,000 | — | 2,468,000 | — | 2,555,000 | — | 2,371,000 | — | 2,506,000 | — | — |
| Total stockholders’ equity | US$ in thousands | 4,552,000 | 17,293,000 | 4,303,000 | 4,186,000 | 4,137,000 | 4,137,000 | 4,144,000 | 4,144,000 | 4,210,000 | 4,210,000 | 4,170,000 | 4,170,000 | 4,082,000 | 4,082,000 | 3,475,000 | 3,475,000 | 3,531,000 | 3,531,000 | 3,278,000 | 3,621,000 |
| Return on total capital | 22.21% | 1.75% | 5.25% | 2.20% | 0.45% | 2.61% | 7.43% | 7.03% | 14.66% | 19.29% | 44.24% | 26.94% | 41.84% | 21.64% | 33.53% | 24.27% | 63.47% | 47.36% | 89.75% | 78.79% |
January 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,011,000K ÷ ($—K + $4,552,000K)
= 22.21%
The return on total capital for Macy’s Inc has fluctuated significantly over the reported periods. Starting at a high of 78.79% in January 2022, the return increased to 89.75% by April 2022, showcasing a strong performance. However, there was a notable decline in July 2022 to 47.36%, which further dropped to 24.27% by October 2022. The return improved slightly to 41.84% in January 2023 but showed inconsistent performance in the subsequent quarters.
From April 2023 to July 2024, Macy’s return on total capital fluctuated within a narrow range, with varied percentages including a low of 0.45% in February 2024 and a peak of 22.21% in January 2025. Overall, the trend indicates fluctuations and inconsistency in Macy’s ability to generate returns on its total capital during the reported periods. This may suggest varying operational efficiency and profitability levels impacting the company's overall performance.
Peer comparison
Jan 31, 2025