Ralph Lauren Corp Class A (RL)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	646,300	522,700	600,100	-121,100	384,300
Total assets	US$ in thousands	6,602,600	6,789,500	7,724,700	7,887,500	7,279,900
ROA		9.79%	7.70%	7.77%	-1.54%	5.28%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $646,300K ÷ $6,602,600K
= 9.79%

Ralph Lauren Corp Class A's return on assets (ROA) has exhibited fluctuating performance over the past five years. The ROA increased from -1.54% in March 2021 to 9.79% in March 2024, representing a significant improvement. This positive trend suggests that the company has become more efficient in generating profits from its assets. However, it is worth noting that ROA decreased slightly in March 2023 compared to the previous year. Overall, the upward trajectory of ROA demonstrates the company's ability to effectively utilize its assets to generate earnings, signaling potential improvement in overall financial performance.