Ulta Beauty Inc (ULTA)

Return on assets (ROA)

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Net income (ttm)	US$ in thousands	1,201,118	1,202,217	1,354,407	1,351,334	1,287,704	1,193,437	1,099,170	1,196,738	1,294,306	1,334,955	1,375,604	1,303,138	1,230,672	1,185,598	1,140,524	1,197,334	1,212,115	1,205,804	1,125,416	1,009,310
Total assets	US$ in thousands	6,001,690	5,958,490	5,737,410	5,631,940	5,707,010	5,707,010	5,595,010	5,595,010	5,248,760	5,248,760	5,375,720	5,375,720	5,370,410	5,370,410	5,331,550	5,331,550	4,945,990	4,945,990	5,012,040	4,764,380
ROA		20.01%	20.18%	23.61%	23.99%	22.56%	20.91%	19.65%	21.39%	24.66%	25.43%	25.59%	24.24%	22.92%	22.08%	21.39%	22.46%	24.51%	24.38%	22.45%	21.18%

January 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,201,118K ÷ $6,001,690K
= 20.01%

Ulta Beauty Inc's return on assets (ROA) has shown some fluctuations over the years, ranging from a high of 25.59% on April 30, 2023, to a low of 19.65% on October 31, 2023. The trend generally indicates a strong performance, with ROA consistently above 20% in most periods.

It is noteworthy that the ROA peaked in the mid-2020s, reaching 25.59% on April 30, 2023, followed by another high of 25.43% on July 29, 2023. However, there was a slight decline in ROA towards the end of 2023 and into 2024, with values dropping to around 20%.

Overall, Ulta Beauty Inc's ROA performance suggests that the company has been effectively utilizing its assets to generate profits, although there have been some fluctuations in efficiency over the years. Further analysis of the company's financial statements and market conditions would be beneficial to fully evaluate the factors impacting its ROA.