Ollie's Bargain Outlet Hldg (OLLI)

Operating return on assets (Operating ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating income	US$ in thousands	227,799	130,918	204,592	277,500	171,855
Total assets	US$ in thousands	2,294,590	2,044,100	1,972,170	2,005,860	1,596,250
Operating ROA		9.93%	6.40%	10.37%	13.83%	10.77%

February 3, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $227,799K ÷ $2,294,590K
= 9.93%

Ollie's Bargain Outlet Hldg's operating return on assets (operating ROA) has shown fluctuations over the past five years. In the latest fiscal year as of Feb 3, 2024, the operating ROA was 9.93%, indicating that the company generated approximately 9.93 cents of operating income for every dollar of assets it holds.

Comparing this to the previous years, we observe a downward trend in the operating ROA. In Jan 28, 2023, the operating ROA was 6.40%, lower than the latest year. This suggests a decrease in the efficiency of utilizing assets to generate operating income.

In the fiscal year ending Jan 29, 2022, the operating ROA increased to 10.37%, showing a positive improvement from the previous year. However, in the fiscal years 2021 and 2020, the operating ROA was higher at 13.83% and 10.77% respectively, indicating that the company was more effective in generating operating income relative to its assets in those years.

Overall, Ollie's Bargain Outlet Hldg's operating ROA has fluctuated over the years, indicating varying levels of efficiency in utilizing its assets to generate operating income. Analyzing trends in operating ROA can provide insights into the company's operational efficiency and profitability.