Walmart Inc (WMT)

Return on assets (ROA)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	15,511,000	16,292,000	14,041,000	11,299,000	11,680,000	8,967,000	13,870,000	12,997,000	13,673,000	8,020,000	10,050,000	12,250,000	13,510,000	19,742,000	17,895,000	15,029,000	14,881,000	14,427,000	12,849,000	8,378,000
Total assets	US$ in thousands	252,399,000	259,174,000	255,121,000	245,053,000	243,197,000	247,656,000	247,199,000	246,142,000	244,860,000	244,851,000	238,552,000	236,581,000	252,496,000	250,863,000	237,382,000	232,892,000	236,495,000	239,830,000	234,861,000	234,544,000
ROA		6.15%	6.29%	5.50%	4.61%	4.80%	3.62%	5.61%	5.28%	5.58%	3.28%	4.21%	5.18%	5.35%	7.87%	7.54%	6.45%	6.29%	6.02%	5.47%	3.57%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $15,511,000K ÷ $252,399,000K
= 6.15%

The return on assets (ROA) for Walmart Inc has shown some fluctuations over the past few quarters. The ROA is a measure of the company's efficiency in generating profits from its assets.

From Jan 31, 2024, the ROA was 6.15%, slightly down from the previous quarter at 6.29% recorded on Oct 31, 2023. However, this still indicates that Walmart is able to generate approximately $0.06 in profit for every $1 of assets it owns.

Looking at the trend over the past few quarters, the ROA has generally been within the range of 4% to 7%, with some variability. The highest ROA during this period was 7.87% on Jul 31, 2020, and the lowest was 3.28% on Oct 31, 2021.

Overall, Walmart Inc's ROA performance indicates a moderate level of efficiency in utilizing its assets to generate profits. It is important for the company to continue monitoring and optimizing its asset utilization to maintain or improve its profitability levels.