Ross Stores Inc (ROST)

Return on assets (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
Net income (ttm)	US$ in thousands	2,090,730	2,113,629	2,072,148	1,992,327	1,950,656	1,712,164	1,711,880	1,606,589	1,544,787	1,512,041	1,431,820	1,474,814	1,584,555	1,722,589	1,593,747	1,339,914	867,703	85,382	303,535	543,270
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
ROA		14.03%	14.18%	14.12%	13.75%	13.64%	12.00%	12.00%	11.49%	11.34%	11.27%	10.93%	11.19%	11.97%	12.63%	11.45%	9.82%	6.48%	0.67%	2.41%	4.80%

January 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,090,730K ÷ $14,905,300K
= 14.03%

Return on assets (ROA) for Ross Stores Inc has shown a general upward trend over the past few years, with fluctuations in values. ROA increased from 4.80% on August 1, 2020, to reach a peak of 14.18% on November 2, 2024. This indicates that the company has been able to generate more earnings relative to its total assets during this period, reflecting improved efficiency in asset utilization. The average ROA over this period appears to be relatively high at around 10-12%.

It is important to note that a higher ROA signifies better operational efficiency and profitability, as the company is utilizing its assets effectively to generate profits. This improved performance could be attributed to various factors such as effective cost management, increased sales, or operational improvements. However, it is essential to continue monitoring ROA as it can be influenced by economic conditions, industry trends, and company-specific factors. Overall, the recent ROA figures demonstrate positive performance for Ross Stores Inc in terms of asset utilization and profitability.