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.