Walgreens Boots Alliance Inc (WBA)
Return on assets (ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -6,037,000 | 574,000 | -3,080,000 | -3,315,000 | -3,144,000 | -2,964,000 | 4,337,000 | 5,379,000 | 6,287,000 | 6,430,000 | 2,542,000 | 2,288,000 | -617,000 | -697,000 | 456,000 | 760,000 | 3,493,000 | 3,703,000 | 3,981,000 | 4,816,000 |
| Total assets | US$ in thousands | 84,207,000 | 97,823,000 | 96,628,000 | 98,605,000 | 100,479,000 | 92,875,000 | 90,124,000 | 92,759,000 | 92,683,000 | 96,507,000 | 81,285,000 | 91,920,000 | 90,920,000 | 89,167,000 | 87,174,000 | 86,444,000 | 90,003,000 | 90,807,000 | 67,598,000 | 68,586,000 |
| ROA | -7.17% | 0.59% | -3.19% | -3.36% | -3.13% | -3.19% | 4.81% | 5.80% | 6.78% | 6.66% | 3.13% | 2.49% | -0.68% | -0.78% | 0.52% | 0.88% | 3.88% | 4.08% | 5.89% | 7.02% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-6,037,000K ÷ $84,207,000K
= -7.17%
The return on assets (ROA) of Walgreens Boots Alliance Inc has been volatile over the past few quarters. The ROA ranged from as low as -7.17% in February 2024 to a high of 7.02% in May 2019. Recently, the ROA has been negative, indicating that the company is not efficiently generating profits from its assets.
The negative ROA in recent quarters may be a cause for concern as it suggests that the company's profitability in relation to its total assets has deteriorated. This may indicate inefficiency in asset utilization or declining profitability of the business.
It is important for Walgreens Boots Alliance Inc to closely monitor its asset management practices and profitability in order to improve its ROA and ensure sustainable financial performance in the future. Further analysis of the company's financial statements and operational strategies would be necessary to understand the underlying reasons for the fluctuating ROA.
Peer comparison
Feb 29, 2024
See also:
Walgreens Boots Alliance Inc Return on Assets (ROA) (Quarterly Data)