Ulta Beauty Inc (ULTA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,279,330	1,959,810	1,535,370	1,999,550	1,902,090
ROE		56.64%	63.39%	64.21%	8.79%	37.11%

February 3, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,291,000K ÷ $2,279,330K
= 56.64%

Ulta Beauty Inc's return on equity (ROE) has shown fluctuations over the past five years. The ROE was 56.64% for the fiscal year ending February 3, 2024, which represented a decrease from the prior year's ROE of 63.39%. Despite this decline, Ulta Beauty's ROE remained relatively strong compared to previous years, such as 2021 when it stood at 8.79%.

The company's ROE peaked at 64.21% in 2022, indicating a period of exceptional profitability and efficiency in generating returns for shareholders. This trend was followed by a decline in 2023 and 2024, suggesting potential challenges in sustaining or improving profitability levels.

Overall, Ulta Beauty's ROE performance reflects a mix of positive and challenging years, highlighting the importance of monitoring key financial metrics to assess the company's ability to generate returns on shareholder equity.