Shoe Carnival Inc (SCVL)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 93,505 | 102,230 | 117,872 | 131,999 | 146,444 | 145,663 | 164,510 | 185,435 | 207,654 | 190,306 | 148,045 | 102,729 | 21,865 | 16,077 | 14,064 | 15,340 | 54,209 | 50,929 | 48,795 | 48,052 |
| Total assets | US$ in thousands | 1,042,020 | 1,023,470 | 1,043,200 | 976,629 | 989,781 | 966,336 | 914,515 | 861,734 | 812,264 | 786,509 | 784,056 | 750,089 | 642,747 | 623,343 | 689,518 | 629,550 | 628,374 | 647,712 | 693,373 | 628,618 |
| Operating ROA | 8.97% | 9.99% | 11.30% | 13.52% | 14.80% | 15.07% | 17.99% | 21.52% | 25.56% | 24.20% | 18.88% | 13.70% | 3.40% | 2.58% | 2.04% | 2.44% | 8.63% | 7.86% | 7.04% | 7.64% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $93,505K ÷ $1,042,020K
= 8.97%
Operating return on assets (operating ROA) measures the efficiency of Shoe Carnival Inc in generating operating profits from its assets. Looking at the historical trend of operating ROA from May 2019 to February 2024, we can observe fluctuations in the company's performance.
The operating ROA of Shoe Carnival Inc has shown variability over this period, with the highest operating ROA recorded at 25.56% in January 2022 and the lowest at 2.04% in May 2020. The company's operating ROA generally increased from 2019 to early 2022, reaching its peak at 25.56% before declining in subsequent periods.
The increasing trend in operating ROA from 2019 to early 2022 indicates improved operational efficiency and profitability relative to the company's asset base. However, the decline in operating ROA in the latest quarters suggests a potential decrease in the company's ability to generate profits from its assets efficiently.
It is important for Shoe Carnival Inc to closely monitor and address the factors affecting its operating ROA to ensure sustainable profitability and efficiency in utilizing its assets in the future.
Peer comparison
Feb 3, 2024