Ulta Beauty Inc (ULTA)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,291,000 | 1,242,410 | 985,837 | 175,835 | 705,945 |
| Total assets | US$ in thousands | 5,707,010 | 5,370,410 | 4,764,380 | 5,089,970 | 4,863,870 |
| ROA | 22.62% | 23.13% | 20.69% | 3.45% | 14.51% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $1,291,000K ÷ $5,707,010K
= 22.62%
Ulta Beauty Inc's return on assets (ROA) has varied over the past five years. The company's ROA stood at 22.62% as of February 3, 2024, showing a slight decrease from the previous year's 23.13%. This indicates that for every dollar of assets, Ulta Beauty generated a net income of 22.62 cents in 2024.
The ROA for Ulta Beauty was also relatively strong in previous years, at 20.69% in 2022 and 14.51% in 2020. However, there was a significant drop in ROA to 3.45% in 2021. This fluctuation may suggest fluctuations in the company's profitability or asset utilization efficiency during those years.
Overall, Ulta Beauty's recent ROA figures reflect a solid performance, demonstrating the company's ability to generate profit relative to its assets. Maintaining a consistent and high ROA indicates efficient management of assets to drive profitability for the company.
Peer comparison
Feb 3, 2024