PVH Corp (PVH)

Operating return on assets (Operating ROA)

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Operating income	US$ in thousands	928,800	470,700	1,076,900	-1,071,700	558,700
Total assets	US$ in thousands	11,172,900	11,768,300	12,396,800	13,293,500	13,631,000
Operating ROA		8.31%	4.00%	8.69%	-8.06%	4.10%

February 4, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $928,800K ÷ $11,172,900K
= 8.31%

PVH Corp's operating return on assets (ROA) has shown varying trends over the past five years. In the most recent fiscal year (as of February 4, 2024), the operating ROA stood at 8.31%, indicating that the company generated 8.31 cents of operating profit for every dollar of assets. This represents a significant improvement compared to the previous year, where the operating ROA was 4.00%.

Looking further back, in January 2022, PVH Corp's operating ROA was even higher at 8.69%, showing a strong performance in utilizing its assets to generate operating income. However, the company faced challenges in the fiscal year ending January 31, 2021, when the operating ROA was -8.06%, indicating an operating loss relative to its asset base.

In the fiscal year ending February 2, 2020, the operating ROA recovered to 4.10%, showcasing a return to positive operating profitability. Overall, PVH Corp's operating ROA has shown fluctuations, with recent years demonstrating improved asset utilization and profitability, albeit with some volatility.