Ross Stores Inc (ROST)

Return on assets (ROA)

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	1,874,520	1,512,040	1,722,590	85,382	1,660,930
Total assets	US$ in thousands	14,300,100	13,416,500	13,640,300	12,717,900	9,348,370
ROA		13.11%	11.27%	12.63%	0.67%	17.77%

February 3, 2024 calculation

ROA = Net income ÷ Total assets
= $1,874,520K ÷ $14,300,100K
= 13.11%

Ross Stores Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA increased from 0.67% in 2021 to 17.77% in 2020, indicating a significant improvement in the company's ability to generate profit from its assets. However, in the following years, ROA decreased to 12.63% in 2022 and then further to 11.27% in 2023, before rising again to 13.11% in 2024. Overall, the ROA trend suggests some volatility, with the company experiencing both highs and lows in its asset efficiency and profitability over the period analyzed. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance.