Ralph Lauren Corp Class A (RL)

Return on assets (ROA)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	646,300	587,900	527,800	531,400	522,700	514,800	516,000	558,800	600,100	501,600	403,700	171,300	-121,100	-296,000	-81,700	139,500	384,300	664,900	450,800	439,000
Total assets	US$ in thousands	6,602,600	7,004,500	6,723,100	6,868,400	6,789,500	7,039,900	6,733,600	6,951,100	7,724,700	8,135,600	8,176,700	7,961,900	7,887,500	8,172,200	7,751,600	7,740,400	7,279,900	7,445,900	7,228,500	7,343,700
ROA		9.79%	8.39%	7.85%	7.74%	7.70%	7.31%	7.66%	8.04%	7.77%	6.17%	4.94%	2.15%	-1.54%	-3.62%	-1.05%	1.80%	5.28%	8.93%	6.24%	5.98%

March 31, 2024 calculation

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

Ralph Lauren Corp Class A has shown varying levels of return on assets (ROA) over the past few quarters. The ROA increased from -3.62% in Dec 31, 2020, to 9.79% in Mar 31, 2024, indicating a significant improvement in the company's ability to generate profits from its assets.

The ROA has generally trended upwards, with occasional decreases in between. The company's ROA was impacted by negative values in some quarters, notably in Mar 31, 2021, and Dec 31, 2021. However, the company has managed to recover and improve its ROA performance since then.

Overall, the positive trend in ROA indicates that Ralph Lauren Corp Class A has been more efficient in utilizing its assets to generate profits in recent quarters. It suggests that the company's management may have implemented strategies to improve profitability and operational efficiency. Further monitoring of ROA performance will be necessary to assess the company's ongoing financial health and profitability.