Ollie's Bargain Outlet Hldg (OLLI)

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	181,439	158,052	149,331	121,247	102,790	94,429	94,532	114,758	157,455	177,388	199,400	264,460	242,696	228,323	210,082	135,869	141,130	140,737	138,598	143,276
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
ROA		7.91%	7.20%	6.93%	5.80%	5.03%	4.70%	4.73%	5.77%	7.98%	9.11%	9.76%	12.94%	12.10%	11.82%	11.40%	8.27%	8.84%	9.20%	8.97%	9.69%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $181,439K ÷ $2,294,590K
= 7.91%

ROA, or return on assets, is a financial ratio that measures a company's ability to generate profit from its total assets. For Ollie's Bargain Outlet Hldg, the ROA has fluctuated over the past several quarters.

In the most recent quarter, as of February 3, 2024, Ollie's ROA was 7.91%, reflecting a solid return on the company's assets. This indicates that for every dollar of assets the company holds, it generated approximately 7.91 cents in net income.

Looking at the trend, the ROA has been relatively stable around the 7-8% range in the recent quarters, signifying the company's consistent profitability relative to its asset base. Historically, Ollie's has shown improvement in ROA, with some fluctuations, from around 5% in early 2019 to a peak of over 12% in mid-2021.

Overall, Ollie's Bargain Outlet Hldg has been effectively utilizing its assets to generate returns for shareholders, although there have been periods of variability. It is important for investors to monitor this ratio alongside other financial metrics to gain a comprehensive understanding of the company's performance and potential for future growth.