Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Debt to Equity
Adjusted Debt to Capital
Adjusted Financial Leverage
Adjusted Net Profit Margin
Adjusted Return on Equity (ROE)
Adjusted Return on Assets (ROA)

Dollar Tree Inc., adjusted financial ratios

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Activity Ratio
Total Asset Turnover
Reported	1.21	1.23	1.21	1.69	1.36	1.32
Adjusted	1.21	1.23	1.21	1.15	0.99	0.95
Solvency Ratios
Debt to Equity
Reported	0.44	0.44	0.60	0.76	0.79	1.17
Adjusted	1.15	1.16	1.39	1.60	1.45	1.81
Debt to Capital
Reported	0.31	0.31	0.38	0.43	0.44	0.54
Adjusted	0.53	0.54	0.58	0.62	0.59	0.64
Financial Leverage
Reported	2.81	2.84	3.13	2.39	2.27	2.91
Adjusted	2.50	2.50	2.71	3.00	2.76	3.18
Profitability Ratios
Net Profit Margin
Reported	5.05%	5.26%	3.50%	-6.97%	7.71%	4.33%
Adjusted	4.96%	5.40%	3.53%	-7.05%	5.60%	3.74%
Return on Equity (ROE)
Reported	17.20%	18.42%	13.22%	-28.19%	23.87%	16.63%
Adjusted	15.02%	16.64%	11.57%	-24.32%	15.25%	11.30%
Return on Assets (ROA)
Reported	6.11%	6.48%	4.22%	-11.78%	10.50%	5.71%
Adjusted	6.01%	6.66%	4.27%	-8.11%	5.53%	3.55%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Dollar Tree Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Dollar Tree Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Dollar Tree Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Dollar Tree Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Dollar Tree Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Dollar Tree Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Dollar Tree Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Dollar Tree Inc., Financial Ratios: Reported vs. Adjusted

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	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Net sales	26,309,800)	25,508,400)	23,610,800)	22,823,300)	22,245,500)	20,719,200)
Total assets	21,721,800)	20,696,000)	19,574,600)	13,501,200)	16,332,800)	15,701,600)
Activity Ratio
Total asset turnover¹	1.21	1.23	1.21	1.69	1.36	1.32
Adjusted
Selected Financial Data (US$ in thousands)
Net sales	26,309,800)	25,508,400)	23,610,800)	22,823,300)	22,245,500)	20,719,200)
Adjusted total assets²	21,701,500)	20,672,800)	19,550,200)	19,826,287)	22,529,868)	21,805,678)
Activity Ratio
Adjusted total asset turnover³	1.21	1.23	1.21	1.15	0.99	0.95

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Total asset turnover = Net sales ÷ Total assets
= 26,309,800 ÷ 21,721,800 = 1.21

² Adjusted total assets. See details »

³ 2022 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 26,309,800 ÷ 21,701,500 = 1.21

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Activity ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Dollar Tree Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	3,417,000)	3,226,200)	3,772,200)	4,265,300)	5,678,000)	6,321,800)
Shareholders’ equity	7,718,500)	7,285,300)	6,254,800)	5,642,900)	7,182,300)	5,389,500)
Solvency Ratio
Debt to equity¹	0.44	0.44	0.60	0.76	0.79	1.17
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	9,970,300)	9,639,900)	10,031,000)	10,590,387)	11,875,068)	12,425,878)
Adjusted shareholders’ equity³	8,685,400)	8,275,600)	7,215,100)	6,616,100)	8,167,500)	6,848,400)
Solvency Ratio
Adjusted debt to equity⁴	1.15	1.16	1.39	1.60	1.45	1.81

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 3,417,000 ÷ 7,718,500 = 0.44

² Adjusted total debt. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted shareholders’ equity
= 9,970,300 ÷ 8,685,400 = 1.15

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Solvency ratio	Description	The company
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Dollar Tree Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Total debt	3,417,000)	3,226,200)	3,772,200)	4,265,300)	5,678,000)	6,321,800)
Total capital	11,135,500)	10,511,500)	10,027,000)	9,908,200)	12,860,300)	11,711,300)
Solvency Ratio
Debt to capital¹	0.31	0.31	0.38	0.43	0.44	0.54
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	9,970,300)	9,639,900)	10,031,000)	10,590,387)	11,875,068)	12,425,878)
Adjusted total capital³	18,655,700)	17,915,500)	17,246,100)	17,206,487)	20,042,568)	19,274,278)
Solvency Ratio
Adjusted debt to capital⁴	0.53	0.54	0.58	0.62	0.59	0.64

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 3,417,000 ÷ 11,135,500 = 0.31

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 9,970,300 ÷ 18,655,700 = 0.53

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Solvency ratio	Description	The company
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Dollar Tree Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Total assets	21,721,800)	20,696,000)	19,574,600)	13,501,200)	16,332,800)	15,701,600)
Shareholders’ equity	7,718,500)	7,285,300)	6,254,800)	5,642,900)	7,182,300)	5,389,500)
Solvency Ratio
Financial leverage¹	2.81	2.84	3.13	2.39	2.27	2.91
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	21,701,500)	20,672,800)	19,550,200)	19,826,287)	22,529,868)	21,805,678)
Adjusted shareholders’ equity³	8,685,400)	8,275,600)	7,215,100)	6,616,100)	8,167,500)	6,848,400)
Solvency Ratio
Adjusted financial leverage⁴	2.50	2.50	2.71	3.00	2.76	3.18

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 21,721,800 ÷ 7,718,500 = 2.81

² Adjusted total assets. See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted shareholders’ equity
= 21,701,500 ÷ 8,685,400 = 2.50

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Solvency ratio	Description	The company
Adjusted financial leverage	A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity. Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.	Dollar Tree Inc. adjusted financial leverage ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)
Net sales	26,309,800)	25,508,400)	23,610,800)	22,823,300)	22,245,500)	20,719,200)
Profitability Ratio
Net profit margin¹	5.05%	5.26%	3.50%	-6.97%	7.71%	4.33%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)²	1,304,700)	1,377,300)	834,500)	(1,608,800)	1,245,900)	774,100)
Net sales	26,309,800)	25,508,400)	23,610,800)	22,823,300)	22,245,500)	20,719,200)
Profitability Ratio
Adjusted net profit margin³	4.96%	5.40%	3.53%	-7.05%	5.60%	3.74%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
Net profit margin = 100 × Net income (loss) ÷ Net sales
= 100 × 1,327,900 ÷ 26,309,800 = 5.05%

² Adjusted net income (loss). See details »

³ 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net sales
= 100 × 1,304,700 ÷ 26,309,800 = 4.96%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Dollar Tree Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)
Shareholders’ equity	7,718,500)	7,285,300)	6,254,800)	5,642,900)	7,182,300)	5,389,500)
Profitability Ratio
ROE¹	17.20%	18.42%	13.22%	-28.19%	23.87%	16.63%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)²	1,304,700)	1,377,300)	834,500)	(1,608,800)	1,245,900)	774,100)
Adjusted shareholders’ equity³	8,685,400)	8,275,600)	7,215,100)	6,616,100)	8,167,500)	6,848,400)
Profitability Ratio
Adjusted ROE⁴	15.02%	16.64%	11.57%	-24.32%	15.25%	11.30%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
ROE = 100 × Net income (loss) ÷ Shareholders’ equity
= 100 × 1,327,900 ÷ 7,718,500 = 17.20%

² Adjusted net income (loss). See details »

³ Adjusted shareholders’ equity. See details »

⁴ 2022 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted shareholders’ equity
= 100 × 1,304,700 ÷ 8,685,400 = 15.02%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Dollar Tree Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Reported
Selected Financial Data (US$ in thousands)
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)
Total assets	21,721,800)	20,696,000)	19,574,600)	13,501,200)	16,332,800)	15,701,600)
Profitability Ratio
ROA¹	6.11%	6.48%	4.22%	-11.78%	10.50%	5.71%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income (loss)²	1,304,700)	1,377,300)	834,500)	(1,608,800)	1,245,900)	774,100)
Adjusted total assets³	21,701,500)	20,672,800)	19,550,200)	19,826,287)	22,529,868)	21,805,678)
Profitability Ratio
Adjusted ROA⁴	6.01%	6.66%	4.27%	-8.11%	5.53%	3.55%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ 2022 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 1,327,900 ÷ 21,721,800 = 6.11%

² Adjusted net income (loss). See details »

³ Adjusted total assets. See details »

⁴ 2022 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 1,304,700 ÷ 21,701,500 = 6.01%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Dollar Tree Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Dollar Tree Inc. (NASDAQ:DLTR)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Dollar Tree Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Debt to Equity

Adjusted Debt to Capital

Adjusted Financial Leverage

Adjusted Net Profit Margin

Adjusted Return on Equity (ROE)

Adjusted Return on Assets (ROA)