Walgreens Boots Alliance Inc (WBA)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -8,636,000 | -3,080,000 | 4,337,000 | 2,542,000 | 456,000 |
| Total assets | US$ in thousands | 81,037,000 | 96,628,000 | 90,124,000 | 81,285,000 | 87,174,000 |
| ROA | -10.66% | -3.19% | 4.81% | 3.13% | 0.52% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-8,636,000K ÷ $81,037,000K
= -10.66%
Walgreens Boots Alliance Inc's return on assets (ROA) has experienced significant fluctuations over the past five years, reflecting the company's changing financial performance. The ROA was negative at -10.66% in 2024, indicating that the company's assets generated a loss during that period. This represents a decline from the previous year when the ROA was at -3.19%.
In 2022, Walgreens Boots Alliance Inc's ROA improved significantly to 4.81%, indicating that the company was able to generate a higher return on its assets compared to the previous years. This positive trend continued in 2021, with an ROA of 3.13%, reflecting continued improvement in asset utilization.
The company's ROA was notably lower in 2020 at 0.52%, suggesting a less efficient use of assets compared to the subsequent years. Overall, the fluctuating ROA trends of Walgreens Boots Alliance Inc over the past five years indicate varying levels of profitability and asset efficiency, with 2022 standing out as a particularly strong performance year. Further analysis of the company's financial and operational strategies may provide more insights into the drivers behind these ROA fluctuations.
Peer comparison
Aug 31, 2024