Ross Stores Inc (ROST)

Return on assets (ROA)

		Feb 3, 2024	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	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Net income (ttm)	US$ in thousands	1,874,520	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	933,944	1,660,928	1,646,488	1,613,664	1,590,347
Total assets	US$ in thousands	14,300,100	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	10,728,000	9,348,370	9,415,840	9,151,950	9,049,120
ROA		13.11%	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%	8.71%	17.77%	17.49%	17.63%	17.57%

February 3, 2024 calculation

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

Ross Stores Inc's Return on Assets (ROA) has fluctuated over the past several quarters. The ROA indicates how efficiently the company is generating profits from its assets.

In the most recent quarter, as of February 3, 2024, the ROA was 13.11%, showing an improvement compared to the previous quarter. This suggests that Ross Stores Inc was able to effectively utilize its assets to generate profits.

The ROA trend over the past few quarters has shown some variability, with fluctuations between 10.93% and 13.11%. The company's ability to consistently maintain ROA above 10% indicates efficient asset management.

It is important to note that the ROA was particularly low in the first quarter of 2021 at 0.67%, possibly indicating challenges or inefficiencies during that period. However, the company was able to improve its ROA significantly in subsequent quarters.

Overall, Ross Stores Inc's ROA performance suggests that the company has been effectively utilizing its assets to generate profits, with some fluctuations observed in the short term. Continued monitoring of ROA will be essential to assess the company's long-term financial health and efficiency in asset management.