Ross Stores Inc (ROST)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 31, 2023 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,585,586 | 2,598,616 | 2,544,511 | 1,668,238 | 864,081 | -138,940 | -836,988 | -862,437 | -810,712 | -84,587 | -219,199 | -198,439 | 639,394 | 815,103 | 789,879 | 1,177,171 | 586,511 | -515,643 | 384,949 | 704,182 |
| Total assets | US$ in thousands | 14,905,300 | 14,905,200 | 14,678,000 | 14,491,800 | 14,300,100 | 14,270,600 | 14,270,600 | 13,987,300 | 13,618,900 | 13,416,500 | 13,100,100 | 13,179,900 | 13,233,700 | 13,640,300 | 13,915,700 | 13,641,400 | 13,395,900 | 12,717,900 | 12,570,700 | 11,322,200 |
| Operating ROA | 17.35% | 17.43% | 17.34% | 11.51% | 6.04% | -0.97% | -5.87% | -6.17% | -5.95% | -0.63% | -1.67% | -1.51% | 4.83% | 5.98% | 5.68% | 8.63% | 4.38% | -4.05% | 3.06% | 6.22% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,585,586K ÷ $14,905,300K
= 17.35%
Ross Stores Inc's operating return on assets (operating ROA) has shown fluctuations over the period under review. The company started with a solid operating ROA of 6.22% on August 1, 2020, but experienced a decline to 3.06% by October 31, 2020. Subsequently, the operating ROA turned negative, reaching its lowest point at -6.17% on July 29, 2023.
However, the company managed to reverse the trend, with a significant improvement in operating ROA from August 3, 2024, onwards. The operating ROA surged to 17.34% on August 3, 2024, and maintained a consistently high level above 17% until January 31, 2025.
The recent trend indicates a remarkable recovery in operating efficiency and profitability, as reflected in the strong operating ROA figures in the latter part of the period. It suggests that Ross Stores Inc has potentially optimized its asset utilization and operational performance to generate higher returns for its shareholders.
Overall, the analysis reveals a mix of challenges and successes in managing operating ROA for Ross Stores Inc, with a notable turnaround and improved performance in recent periods, signaling positive prospects for the company's financial health.
Peer comparison
Jan 31, 2025