Ollie's Bargain Outlet Hldg (OLLI)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	227,799	197,841	188,304	152,312	130,918	120,674	121,355	150,516	204,592	231,849	259,421	305,741	277,500	257,378	235,326	174,051	171,855	169,185	162,741	166,853
Total assets	US$ in thousands	2,294,590	2,194,360	2,154,160	2,091,040	2,044,100	2,009,970	1,999,190	1,989,830	1,972,170	1,946,560	2,042,090	2,043,490	2,005,860	1,931,860	1,842,440	1,643,110	1,596,250	1,530,470	1,544,340	1,479,290
Operating ROA		9.93%	9.02%	8.74%	7.28%	6.40%	6.00%	6.07%	7.56%	10.37%	11.91%	12.70%	14.96%	13.83%	13.32%	12.77%	10.59%	10.77%	11.05%	10.54%	11.28%

February 3, 2024 calculation

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

The operating return on assets (operating ROA) for Ollie's Bargain Outlet Hldg has shown some fluctuations over the past few periods. The operating ROA is a measure of the company's ability to generate operating income from its assets.

Between May 2019 and February 2024, Ollie's Bargain Outlet Hldg operating ROA ranged from 6.00% to 14.96%. The highest operating ROA of 14.96% was recorded in July 2021, indicating that the company generated a higher percentage of operating income relative to its assets during that period.

However, the operating ROA has experienced some variability, with fluctuations seen across different quarters. Notably, there was a decline in the operating ROA from 14.96% in July 2021 to 6.40% in January 2023, indicating a decrease in the efficiency of generating operating income from assets during that period.

Overall, Ollie's Bargain Outlet Hldg operating ROA has shown some volatility over the periods analyzed, suggesting the need for further investigation into the company's operating performance and asset management strategies.