Ulta Beauty Inc (ULTA)

Return on assets (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
Net income (ttm)	US$ in thousands	1,291,005	1,237,387	1,262,489	1,258,064	1,242,408	1,191,023	1,131,727	1,086,943	985,837	867,965	727,474	484,633	175,835	227,060	282,009	435,215	705,945	697,900	699,319	686,384
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
ROA		22.62%	22.12%	24.05%	23.40%	23.13%	22.34%	22.88%	21.69%	20.69%	16.41%	14.68%	9.53%	3.45%	4.66%	5.13%	7.87%	14.51%	14.16%	14.85%	14.40%

February 3, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,291,005K ÷ $5,707,010K
= 22.62%

Ulta Beauty Inc's return on assets (ROA) has shown a generally positive trend over the past several periods, with fluctuations in the percentage.

The company's ROA was highest at 24.05% in July 29, 2023, indicating that Ulta Beauty was generating $0.24 in profit for every dollar of assets held during that period, which reflects strong efficiency in asset utilization.

While there were some fluctuations in between, the ROA remained above 20% in most periods, suggesting effective management of assets to generate profits.

However, there was a noticeable decline in ROA to 3.45% in January 30, 2021, which could indicate potential challenges or issues affecting the company's ability to generate earnings from its assets efficiently. Subsequent improvements were seen in the following periods.

Overall, Ulta Beauty's ROA performance indicates a generally positive trend with some fluctuations, highlighting the company's ability to effectively utilize its assets to generate profits.