Shoe Carnival Inc (SCVL)
Operating return on assets (Operating ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 93,505 | 146,444 | 207,654 | 21,865 | 54,209 |
| Total assets | US$ in thousands | 1,042,020 | 989,781 | 812,264 | 642,747 | 628,374 |
| Operating ROA | 8.97% | 14.80% | 25.56% | 3.40% | 8.63% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $93,505K ÷ $1,042,020K
= 8.97%
Shoe Carnival Inc's operating return on assets (operating ROA) has fluctuated over the past five years, indicating varying levels of efficiency in generating operating profits from its assets. The trend shows a significant decrease in operating ROA from 25.56% in January 2022 to 3.40% in January 2021, reflecting a downturn in the company's operational performance during that period.
However, there was a notable improvement in efficiency in the subsequent year, with operating ROA increasing to 14.80% in January 2023. This suggests that Shoe Carnival Inc implemented strategies to enhance its asset utilization and profitability. The operating ROA further increased to 8.97% in February 2024, indicating a continued focus on operational effectiveness and asset management.
Overall, while there have been fluctuations in Shoe Carnival Inc's operating ROA, the recent upward trend suggests efforts to enhance operational efficiency and profitability. Monitoring this ratio over time can provide insights into the company's ability to generate profits from its operational activities relative to its assets.
Peer comparison
Feb 3, 2024