Oxford Industries Inc (OXM)

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	60,703	152,822	161,706	166,865	165,735	159,094	165,413	160,261	131,321	93,696	57,107	-440	-95,692	-68,143	-55,871	-19,948	68,493	69,840	70,033	67,381
Total assets	US$ in thousands	1,097,840	1,162,160	1,149,860	1,194,230	1,188,660	1,140,320	957,202	947,017	957,642	932,803	931,749	900,982	865,634	902,017	952,549	1,097,470	1,033,370	1,013,080	1,010,190	1,024,420
ROA		5.53%	13.15%	14.06%	13.97%	13.94%	13.95%	17.28%	16.92%	13.71%	10.04%	6.13%	-0.05%	-11.05%	-7.55%	-5.87%	-1.82%	6.63%	6.89%	6.93%	6.58%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $60,703K ÷ $1,097,840K
= 5.53%

ROA is a key financial ratio that measures a company's efficiency in generating profits from its assets. Looking at the ROA trend for Oxford Industries Inc over the given time period, we can see fluctuations in the company's ability to utilize its assets effectively to generate profits.

The ROA for Oxford Industries Inc has shown some volatility, fluctuating between negative figures to double-digit positive percentages. The company saw a significant decline in ROA in the early part of the analyzed period, with negative ROAs in January 2021 and October 2020. This suggests possible inefficiencies or challenges in asset management and profitability during that period.

From May 2021 to February 2023, the ROA improved consistently, reaching its peak at 17.28% in July 2022. This indicates that the company became more efficient in generating profits from its assets during this period. However, there was a slight decline in ROA in the following quarters.

Overall, Oxford Industries Inc's ROA performance indicates a mixed picture of asset utilization and profitability. Investors and stakeholders may want to further investigate the factors contributing to the fluctuations in ROA to gain a deeper understanding of the company's financial health and operational efficiency.