Ulta Beauty Inc (ULTA)
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 | 1,678,030 | 1,638,610 | 1,297,490 | 236,820 | 901,094 |
| Total assets | US$ in thousands | 5,707,010 | 5,370,410 | 4,764,380 | 5,089,970 | 4,863,870 |
| Operating ROA | 29.40% | 30.51% | 27.23% | 4.65% | 18.53% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,678,030K ÷ $5,707,010K
= 29.40%
Ulta Beauty Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. The operating ROA was relatively high in the most recent year, at 29.40% as of February 3, 2024, and also in the previous year at 30.51% as of January 28, 2023, indicating a strong performance in generating operating income relative to its total assets.
In contrast, the operating ROA was notably lower in earlier years, with a sharp increase from 4.65% as of January 30, 2021, to 18.53% as of February 1, 2020. This increase could indicate improved efficiency in utilizing assets to generate operating income during that period.
Overall, Ulta Beauty Inc's operating ROA has demonstrated variability but has generally shown an upward trend in recent years, with the company being more effective in generating operating income from its assets. However, further analysis and comparison with industry benchmarks would provide additional insights into the company's operational efficiency and performance.
Peer comparison
Feb 3, 2024