Ulta Beauty Inc (ULTA)
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 | 1,678,029 | 1,608,557 | 1,643,186 | 1,642,972 | 1,638,610 | 1,566,614 | 1,488,997 | 1,429,876 | 1,297,492 | 1,146,142 | 963,180 | 643,628 | 236,820 | 300,304 | 366,807 | 562,070 | 901,094 | 894,548 | 895,981 | 881,778 |
| Total assets | US$ in thousands | 5,707,010 | 5,595,010 | 5,248,760 | 5,375,720 | 5,370,410 | 5,331,550 | 4,945,990 | 5,012,040 | 4,764,380 | 5,287,770 | 4,954,580 | 5,087,540 | 5,089,970 | 4,870,990 | 5,497,120 | 5,530,550 | 4,863,870 | 4,928,850 | 4,710,380 | 4,766,350 |
| Operating ROA | 29.40% | 28.75% | 31.31% | 30.56% | 30.51% | 29.38% | 30.11% | 28.53% | 27.23% | 21.68% | 19.44% | 12.65% | 4.65% | 6.17% | 6.67% | 10.16% | 18.53% | 18.15% | 19.02% | 18.50% |
February 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,678,029K ÷ $5,707,010K
= 29.40%
Ulta Beauty Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the periods provided in the table. The operating ROA increased from 18.50% in May 2019 to its peak at 31.31% in July 2023 before slightly declining to 29.40% by February 2024. This indicates that Ulta Beauty effectively generates operating income relative to its assets, with the highest efficiency demonstrated in mid-2023.
The company's performance in utilizing its assets to generate operating income improved significantly from May 2019 to July 2023. However, there was a slight decline in operating ROA towards the most recent period, suggesting potential areas for further optimization of asset utilization or operational efficiency.
Overall, the upward trend and periodic fluctuations in Ulta Beauty Inc's operating ROA highlight the company's ability to manage its assets effectively to generate operating income, with a recent trend of maintaining relatively high levels of operating return on assets.
Peer comparison
Feb 3, 2024