Science Applications International Corporation Common Stock (SAIC)
Return on assets (ROA)
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 477,000 | 300,000 | 277,000 | 209,000 | 226,000 |
| Total assets | US$ in thousands | 5,314,000 | 5,543,000 | 5,746,000 | 5,723,000 | 4,711,000 |
| ROA | 8.98% | 5.41% | 4.82% | 3.65% | 4.80% |
February 2, 2024 calculation
ROA = Net income ÷ Total assets
= $477,000K ÷ $5,314,000K
= 8.98%
Science Applications International Corporation Common Stock's return on assets (ROA) has shown a positive trend over the past five years, increasing from 4.80% in January 2020 to 8.98% in February 2024. This indicates that the company is generating a higher level of profit relative to its total assets.
The ROA of 8.98% in February 2024 suggests that for every dollar of assets the company holds, it is generating a profit of approximately 9 cents. This is a significant improvement from the ROA of 5.41% in February 2023, indicating that the company has become more efficient in utilizing its assets to generate profits.
The consistent increase in ROA over the past five years reflects positively on the company's operational efficiency and profitability. It signifies that Science Applications International Corporation Common Stock is effectively leveraging its assets to generate higher returns for its investors. This trend may indicate strong management practices, strategic decision-making, and potential opportunities for future growth and financial success.
Peer comparison
Feb 2, 2024