Ross Stores Inc (ROST)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	4,871,330	4,288,580	4,060,050	3,290,640	3,359,250
ROE		38.48%	35.26%	42.43%	2.59%	49.44%

February 3, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,874,520K ÷ $4,871,330K
= 38.48%

Ross Stores Inc's return on equity (ROE) has fluctuated over the past five years, ranging from a low of 2.59% in January 2021 to a high of 49.44% in February 2020. The recent ROE of 38.48% as of February 3, 2024, indicates that the company generated a strong return for shareholders relative to its equity in the most recent fiscal year. This improvement suggests that Ross Stores Inc has been more efficient in utilizing its equity to generate profits and create value for its shareholders. Overall, the upward trend in ROE over the years reflects positively on the company's financial performance and management's ability to effectively deploy capital.