PVH Corp (PVH)

Return on assets (ROA)

		Feb 4, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Net income	US$ in thousands	663,600	200,400	952,300	-1,136,100	417,300
Total assets	US$ in thousands	11,172,900	11,768,300	12,396,800	13,293,500	13,631,000
ROA		5.94%	1.70%	7.68%	-8.55%	3.06%

February 4, 2024 calculation

ROA = Net income ÷ Total assets
= $663,600K ÷ $11,172,900K
= 5.94%

ROA, or return on assets, measures how efficiently a company is utilizing its assets to generate profit. PVH Corp's ROA has fluctuated over the past five years, with figures ranging from -8.55% in January 2021 to 7.68% in January 2022. In the most recent period ending February 4, 2024, PVH Corp's ROA stands at 5.94%.

The increase in ROA from the negative figure in 2021 to the positive figure in 2022 indicates an improvement in the company's asset utilization efficiency. A higher ROA suggests that PVH Corp is generating more profit relative to its total assets, which may indicate improvements in operational efficiency or profitability.

It is important for PVH Corp to sustain or increase its ROA over time to demonstrate consistent profitability and effective asset management. Further analysis, including examining the components of ROA such as net income and total assets, would provide additional insights into the factors driving PVH Corp's performance in this regard.