Shoe Carnival Inc (SCVL)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 91,152 | 93,505 | 95,581 | 146,444 | 146,444 |
| Total assets | US$ in thousands | 1,124,130 | 1,042,020 | 1,042,020 | 989,781 | 989,781 |
| Operating ROA | 8.11% | 8.97% | 9.17% | 14.80% | 14.80% |
January 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $91,152K ÷ $1,124,130K
= 8.11%
The operating return on assets (ROA) for Shoe Carnival Inc has shown a declining trend over the years. As of January 28, 2023, and January 31, 2023, the operating ROA stood at a consistent 14.80%. However, by January 31, 2024, there was a noticeable decrease to 9.17%, followed by a further decline to 8.97% by February 3, 2024. The downward trend continued as of January 31, 2025, with the operating ROA dropping to 8.11%.
This decreasing trend in operating ROA could indicate inefficiencies in the company's operations in generating profits from its assets. It is essential for Shoe Carnival Inc to closely evaluate its operating efficiency and asset utilization to improve the return on assets in the future.
Peer comparison
Jan 31, 2025