Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
- Gross Profit Margin
- The gross profit margin exhibits a consistent upward trend over the observed period, beginning at approximately 34.8% and reaching a peak around 51.39%. After this peak, there is a slight decline to around 49.25%. This suggests improved efficiency in managing production costs relative to sales initially, followed by a mild contraction in margins more recently.
- Operating Profit Margin
- Operating profit margin shows a strong upward trajectory from near 5.38% to a peak exceeding 24%, indicating significant operational improvements. Notably, the margin values stabilize around 24% for several quarters before declining to around 18.27% by the latest period. The pattern indicates enhanced cost control and operational leverage, though some softening is observable towards the end.
- Net Profit Margin
- The net profit margin increases markedly from negligible levels to over 19%, reflecting improved overall profitability. There is some volatility during the later periods with a decline to approximately 11% by the last reported quarter. This suggests that while profitability expanded substantially, factors such as increased expenses, tax impacts, or other income statement items may have influenced the reduction.
- Return on Equity (ROE)
- ROE shows considerable fluctuations including extreme values early in the timeline, with several spikes well above 300%, likely due to unusual accounting events or low equity bases in certain quarters. Following these anomalies, ROE settles into a lower but still high range mostly between approximately 44% and 70%, indicating strong returns generated on shareholders' equity during the more stable periods. The tendency towards gradual reduction in ROE near the end implies moderation in return efficiency.
- Return on Assets (ROA)
- The return on assets rises steadily initially from nearly zero to about 15.4%, reflecting improved asset utilization. After peaking, ROA experiences some volatility, trending lower to about 7% in the final quarters. This pattern suggests a positive development in asset efficiency, later tempered by either asset growth outpacing profit or decreasing net income relative to asset base.
Return on Sales
Return on Investment
Gross Profit Margin
Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Gross profit | 347,545) | 369,406) | 420,778) | 523,218) | 498,583) | 455,504) | 505,254) | 487,676) | 406,977) | 385,128) | 408,330) | 332,419) | 199,654) | 283,073) | 284,166) | 294,958) | 232,814) | 262,701) | 254,511) | 271,600) | 212,035) | 258,673) | 214,325) | 205,813) | 170,256) | ||||||||
Net revenues | 739,162) | 772,499) | 869,066) | 991,620) | 957,292) | 902,741) | 1,006,428) | 988,859) | 860,792) | 812,436) | 844,013) | 709,282) | 482,895) | 664,976) | 677,526) | 706,514) | 598,421) | 670,891) | 636,558) | 640,798) | 557,406) | 670,295) | 592,473) | 615,326) | 562,080) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||
Gross profit margin1 | 49.25% | 50.47% | 51.01% | 51.39% | 50.50% | 49.36% | 48.66% | 48.15% | 47.51% | 46.53% | 45.29% | 43.37% | 41.94% | 41.36% | 40.50% | 40.00% | 40.12% | 39.94% | 39.79% | 38.87% | 36.58% | 34.80% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||
Amazon.com Inc. | 47.59% | 46.98% | 46.24% | 45.53% | 44.73% | 43.81% | 43.04% | 42.65% | 42.14% | 42.03% | 41.31% | 40.68% | 40.01% | 39.57% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 33.51% | 33.53% | 33.51% | 33.53% | 33.58% | 33.63% | 33.72% | 33.72% | 33.94% | 33.95% | 34.03% | 34.10% | 34.06% | 34.09% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Lowe’s Cos. Inc. | 33.14% | 33.23% | 33.38% | 33.33% | 33.49% | 33.30% | 33.06% | 32.97% | 33.06% | 33.01% | 32.94% | 32.89% | 32.23% | 31.80% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 27.85% | 27.61% | 27.92% | 28.03% | 28.45% | 28.50% | 28.78% | 28.91% | 27.61% | 23.66% | 23.97% | 23.61% | 25.04% | 28.46% | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Gross profit margin = 100
× (Gross profitQ1 2024
+ Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023)
÷ (Net revenuesQ1 2024
+ Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023)
= 100 × (347,545 + 369,406 + 420,778 + 523,218)
÷ (739,162 + 772,499 + 869,066 + 991,620)
= 49.25%
2 Click competitor name to see calculations.
- Gross profit
- The gross profit shows a generally upward trend over the analyzed periods, starting from 170,256 thousand US dollars in April 2017 and reaching a peak of 523,218 thousand US dollars in July 2022. There are fluctuations observed, with some quarters exhibiting declines, such as the drop from 284,166 thousand in November 2019 to 199,654 thousand in May 2020, followed by a subsequent strong recovery. The trend indicates overall growth in gross profit, though the last two quarters show a decline, falling to 347,545 thousand by April 2023.
- Net revenues
- Net revenues also display an increasing trajectory over the majority of the periods. Beginning at 562,080 thousand US dollars in April 2017, the revenues climb to a high of 1,006,428 thousand US dollars in October 2021. Variations include a decline around early 2020, dropping from 664,976 thousand in February 2020 to 482,895 thousand in May 2020, coinciding with the wider market disruptions during that period. Revenues subsequently recover and peak during 2021 but show a downward movement from October 2022 onwards, declining to 739,162 thousand by April 2023.
- Gross profit margin
- The gross profit margin exhibits a consistent and strong upward trend throughout the periods with available data. Starting at 34.8% in February 2018, the margin steadily improves quarter over quarter, achieving 51.39% in July 2022. This improvement suggests enhanced operational efficiency or favorable pricing. Margins stabilize around the 50% mark thereafter, with a slight decrease to 49.25% by April 2023.
- Summary of trends and insights
- The data indicates ongoing growth in both gross profit and net revenues from 2017 through mid-2022, suggesting robust business expansion. However, declines in both metrics after the mid-2022 period suggest potential challenges or market headwinds. The gross profit margin's steady increase reflects improved cost management or increased value capture despite revenue fluctuations. The downturn in the latest quarters may warrant further investigation into market conditions, cost structure, or competitive factors affecting performance. Overall, the company's financial health showed strong gains with recent softening in top-line and profitability metrics.
Operating Profit Margin
Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Income from operations | 99,240) | 112,205) | 170,250) | 234,414) | 205,288) | 217,766) | 272,539) | 248,988) | 187,888) | 183,616) | 111,221) | 136,568) | 35,453) | 100,980) | 89,237) | 103,981) | 68,633) | 103,238) | 47,016) | 85,375) | 53,601) | 69,120) | 43,162) | 12,123) | 6,896) | ||||||||
Net revenues | 739,162) | 772,499) | 869,066) | 991,620) | 957,292) | 902,741) | 1,006,428) | 988,859) | 860,792) | 812,436) | 844,013) | 709,282) | 482,895) | 664,976) | 677,526) | 706,514) | 598,421) | 670,891) | 636,558) | 640,798) | 557,406) | 670,295) | 592,473) | 615,326) | 562,080) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||
Operating profit margin1 | 18.27% | 20.11% | 22.25% | 24.11% | 24.50% | 24.67% | 24.34% | 20.87% | 19.19% | 16.39% | 14.22% | 14.29% | 13.02% | 13.70% | 13.76% | 12.36% | 11.95% | 11.54% | 10.18% | 10.21% | 7.31% | 5.38% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||
Amazon.com Inc. | 8.02% | 6.41% | 4.76% | 3.29% | 2.54% | 2.38% | 2.58% | 3.15% | 4.12% | 5.30% | 6.18% | 6.68% | 6.63% | 5.93% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 15.19% | 15.27% | 15.33% | 15.30% | 15.20% | 15.24% | 15.10% | 14.79% | 14.70% | 13.84% | 14.01% | 13.99% | 13.85% | 14.37% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Lowe’s Cos. Inc. | 10.60% | 10.47% | 10.74% | 12.76% | 12.72% | 12.56% | 12.36% | 11.79% | 11.55% | 10.77% | 10.64% | 10.53% | 9.30% | 8.75% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 9.82% | 9.73% | 9.76% | 9.77% | 10.18% | 9.79% | 9.55% | 9.32% | 7.05% | 1.81% | 3.13% | 3.26% | 5.86% | 10.59% | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Operating profit margin = 100
× (Income from operationsQ1 2024
+ Income from operationsQ4 2023
+ Income from operationsQ3 2023
+ Income from operationsQ2 2023)
÷ (Net revenuesQ1 2024
+ Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023)
= 100 × (99,240 + 112,205 + 170,250 + 234,414)
÷ (739,162 + 772,499 + 869,066 + 991,620)
= 18.27%
2 Click competitor name to see calculations.
The financial data reveals several important trends in the operational and revenue performance over the periods analyzed.
- Net Revenues
- Net revenues demonstrate a fluctuating but generally upward trajectory from approximately 562 million US$ in April 2017 to a peak close to 1 billion US$ by October 2021. Following this peak, there is a noticeable decline in net revenues through to April 2023, descending to roughly 739 million US$. This pattern indicates robust growth for multiple years, followed by a downturn in the latest quarters.
- Income from Operations
- Income from operations exhibits significant volatility with sharp increases and decreases throughout the periods. Notably, there are substantial spikes in certain quarters, such as in February 2019 and January 2021, where income exceeds 180 million US$. However, the latest quarters show a consistent decline from over 270 million US$ in October 2021 to just below 100 million US$ by April 2023. This pattern suggests operational challenges or fluctuations affecting profitability in recent times.
- Operating Profit Margin (%)
- The operating profit margin is only available starting from early 2018 and shows a clear upward trend peaking at approximately 24.67% by July 2021. After this peak, a downward trend is observed, declining steadily to 18.27% by April 2023. This margin increase over the years indicates improving operational efficiency and profitability up to mid-2021, yet the subsequent decline may reflect increased costs, reduced efficiency, or revenue pressures in later periods.
Overall, the data depicts a company that experienced significant growth in revenue and profitability metrics until around mid-2021. Following this peak period, there is a marked downturn in both income from operations and operating profit margins, alongside a reduction in net revenues. These trends suggest that while the company had improved operational effectiveness previously, more recent quarters indicate potential challenges affecting financial performance.
Net Profit Margin
Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Net income (loss) | 41,890) | 106,896) | 98,760) | 122,275) | 200,711) | 147,045) | 184,099) | 226,746) | 130,656) | 130,193) | 46,411) | 98,423) | (3,212) | 68,433) | 52,463) | 63,757) | 35,722) | 36,127) | 22,411) | 64,042) | 28,059) | 261) | 13,151) | (7,862) | (3,370) | ||||||||
Net revenues | 739,162) | 772,499) | 869,066) | 991,620) | 957,292) | 902,741) | 1,006,428) | 988,859) | 860,792) | 812,436) | 844,013) | 709,282) | 482,895) | 664,976) | 677,526) | 706,514) | 598,421) | 670,891) | 636,558) | 640,798) | 557,406) | 670,295) | 592,473) | 615,326) | 562,080) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||
Net profit margin1 | 10.97% | 14.72% | 15.29% | 16.95% | 19.68% | 18.32% | 18.31% | 15.23% | 12.57% | 9.54% | 7.78% | 8.53% | 7.17% | 8.32% | 7.09% | 6.05% | 6.22% | 6.01% | 4.58% | 4.29% | 1.38% | 0.09% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||
Amazon.com Inc. | 6.38% | 5.29% | 3.62% | 2.43% | 0.82% | -0.53% | 2.25% | 2.39% | 4.48% | 7.10% | 5.73% | 6.64% | 6.42% | 5.53% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 10.75% | 10.87% | 10.87% | 10.88% | 10.83% | 10.87% | 10.79% | 10.55% | 10.45% | 9.74% | 9.94% | 9.91% | 9.79% | 10.20% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Lowe’s Cos. Inc. | 6.65% | 6.63% | 6.97% | 8.84% | 8.85% | 8.77% | 8.63% | 7.41% | 7.23% | 6.51% | 6.29% | 7.12% | 6.17% | 5.93% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 7.56% | 7.00% | 6.90% | 6.77% | 6.69% | 6.76% | 5.85% | 5.81% | 4.00% | 0.28% | 2.24% | 2.11% | 4.57% | 7.84% | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
Net profit margin = 100
× (Net income (loss)Q1 2024
+ Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023)
÷ (Net revenuesQ1 2024
+ Net revenuesQ4 2023
+ Net revenuesQ3 2023
+ Net revenuesQ2 2023)
= 100 × (41,890 + 106,896 + 98,760 + 122,275)
÷ (739,162 + 772,499 + 869,066 + 991,620)
= 10.97%
2 Click competitor name to see calculations.
- Net Income (Loss)
- The net income exhibits significant volatility over the periods analyzed. Initially, there are losses in early 2017, with values such as -3,370 and -7,862 thousand USD. Subsequently, there is a shift to positive net income starting in late 2017, followed by a general trend of substantial increases with peaks in early 2021 reaching above 226,000 thousand USD. The data also shows some fluctuations in the most recent quarters, including a notable decline in the first quarter of 2020 with a loss of -3,212 thousand USD. Despite these sporadic setbacks, the overall trajectory from 2017 to 2023 indicates considerable growth in net income.
- Net Revenues
- Net revenues demonstrate a pattern of moderate fluctuations but generally remain robust throughout the timeframe. There are periodic declines, such as in the first half of 2018 and again in the period around early 2020, where revenues dropped below 500,000 thousand USD. However, these dips are followed by recoveries and growth, with revenues approaching or exceeding 900,000 thousand USD in several quarters from 2020 to 2022. The most recent quarters show a downward adjustment, descending below 800,000 thousand USD, suggesting some pressure on revenue generation.
- Net Profit Margin
- Net profit margin data, available from early 2018 onward, reveals a marked improvement over time. Margins start at around 0.09% and progress steadily upward, reaching double-digit levels from late 2020. By 2022, the margin peaks near 19.68%, indicating enhanced profitability relative to revenues. In the latest quarters, a decline is visible, with margins dropping back to around 10.97%, which may reflect cost pressures or revenue challenges impacting profitability. Overall, this trend highlights significant operational efficiency gains and stronger earnings quality during the middle of the observed period.
Return on Equity (ROE)
Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Net income (loss) | 41,890) | 106,896) | 98,760) | 122,275) | 200,711) | 147,045) | 184,099) | 226,746) | 130,656) | 130,193) | 46,411) | 98,423) | (3,212) | 68,433) | 52,463) | 63,757) | 35,722) | 36,127) | 22,411) | 64,042) | 28,059) | 261) | 13,151) | (7,862) | (3,370) | ||||||||
Stockholders’ equity (deficit) | 839,386) | 784,661) | 1,293,947) | 1,220,244) | 1,341,790) | 1,170,277) | 1,021,375) | 836,858) | 594,462) | 447,026) | 296,869) | 128,491) | 19,132) | 18,651) | (63,220) | (177,918) | (247,373) | (22,962) | 32,020) | 146,061) | 8,642) | (7,336) | (25,276) | (46,784) | 622,778) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||
ROE1 | 44.06% | 67.37% | 43.96% | 53.61% | 56.54% | 58.84% | 65.76% | 63.81% | 68.24% | 60.81% | 70.76% | 168.19% | 948.36% | 1,181.57% | — | — | — | — | 358.44% | 72.24% | 388.90% | — | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
ROE, Competitors2 | |||||||||||||||||||||||||||||||||
Amazon.com Inc. | 17.39% | 15.07% | 10.97% | 7.75% | 2.78% | -1.86% | 8.24% | 8.83% | 15.98% | 24.13% | 21.78% | 25.64% | 26.04% | 22.84% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 4,626.24% | 1,095.07% | 1,317.03% | 7,124.47% | — | — | 1,539.90% | 736.64% | 844.74% | 390.00% | 813.68% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Lowe’s Cos. Inc. | — | — | — | — | — | — | — | — | 1,532.36% | 406.05% | 131.77% | 131.40% | 266.43% | 217.09% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 59.20% | 54.97% | 60.02% | 62.26% | 59.63% | 54.69% | 41.40% | 39.21% | 24.63% | 1.55% | 13.47% | 15.26% | 35.54% | 55.01% | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
ROE = 100
× (Net income (loss)Q1 2024
+ Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023)
÷ Stockholders’ equity (deficit)
= 100 × (41,890 + 106,896 + 98,760 + 122,275)
÷ 839,386 = 44.06%
2 Click competitor name to see calculations.
- Net Income (Loss)
- The net income demonstrates significant volatility across the periods analyzed. Initial quarters show negative results with losses as large as -7,862 thousand US dollars, followed by a pronounced recovery moving into consistent profitability. From mid-2017 through early 2020, the company records substantial positive net income, peaking multiple times above 60,000 thousand US dollars. Notably, the quarter ending in February 2020 reverses with a loss of -3,212 thousand US dollars, but a strong rebound occurs shortly after, with net income reaching as high as 226,746 thousand US dollars by mid-2021. Subsequently, net income declines, ending at 41,890 thousand US dollars in the latest quarter, indicating a downward trend after a peak.
- Stockholders’ Equity (Deficit)
- Stockholders' equity fluctuates substantially, initially presenting a positive position of 622,778 thousand US dollars followed by a steep decline into negative territory, reaching a deficit of -46784 thousand US dollars and as low as -247,373 thousand US dollars in subsequent quarters. However, a notable recovery phase begins around mid-2018, with equity moving back into positive figures and generally increasing over time. This upward trajectory culminates in a peak of 1,341,790 thousand US dollars by mid-2022. A decline follows in the last two reported periods, with equity reducing to 784,661 and 839,386 thousand US dollars, respectively, suggesting some erosion after a prolonged expansion.
- Return on Equity (ROE)
- ROE values are sporadically reported, but available data shows extremely high returns at times, such as 1,181.57% and 948.36%, indicating periods of exceptional profitability relative to equity. These elevated ROE figures appear mostly during times when stockholders’ equity is low or recovering from deficits, which can amplify the ratio. Over time, ROE moderates to more stable levels ranging from approximately 43.96% to 70.76%, reflecting solid but reduced efficiency in generating earnings from equity. The trend suggests cyclical peaks corresponding to earlier recovery phases, followed by stabilization at a consistently high but less volatile level.
- Overall Financial Trends
- The data indicates a company undergoing significant financial fluctuations with initial instability in net income and equity, moving into substantial profitability and capital strength. The recovery from negative equity and consistent positive net income from 2018 through 2021 marks a period of strong financial health and growth. However, the recent downturns in net income and stockholders’ equity in 2022–2023 warrant attention, as they may signal emerging challenges or a resetting after peak performance. The extremely high but variable ROE aligns with these phases of volatility and recovery, reflecting sensitivity to changes in equity base as well as earnings performance.
Return on Assets (ROA)
Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | Oct 28, 2017 | Jul 29, 2017 | Apr 29, 2017 | |||||||||
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Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
Net income (loss) | 41,890) | 106,896) | 98,760) | 122,275) | 200,711) | 147,045) | 184,099) | 226,746) | 130,656) | 130,193) | 46,411) | 98,423) | (3,212) | 68,433) | 52,463) | 63,757) | 35,722) | 36,127) | 22,411) | 64,042) | 28,059) | 261) | 13,151) | (7,862) | (3,370) | ||||||||
Total assets | 5,319,830) | 5,309,289) | 5,883,715) | 5,831,447) | 5,887,937) | 5,540,470) | 5,420,025) | 3,467,152) | 3,237,317) | 2,898,313) | 2,679,250) | 2,506,409) | 2,429,893) | 2,445,694) | 2,362,013) | 2,387,808) | 2,545,832) | 1,806,034) | 1,843,325) | 1,814,107) | 1,748,961) | 1,732,866) | 1,801,566) | 1,819,409) | 1,948,386) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||
ROA1 | 6.95% | 9.96% | 9.67% | 11.22% | 12.88% | 12.43% | 12.39% | 15.40% | 12.53% | 9.38% | 7.84% | 8.62% | 7.47% | 9.01% | 7.96% | 6.62% | 6.22% | 8.34% | 6.23% | 5.82% | 1.92% | 0.13% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
ROA, Competitors2 | |||||||||||||||||||||||||||||||||
Amazon.com Inc. | 7.10% | 5.76% | 4.12% | 2.74% | 0.92% | -0.59% | 2.64% | 2.77% | 5.21% | 7.93% | 6.87% | 8.17% | 8.33% | 6.64% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 21.92% | 22.38% | 22.24% | 22.27% | 21.57% | 22.86% | 21.82% | 21.54% | 20.35% | 18.23% | 18.66% | 18.67% | 18.68% | 21.94% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Lowe’s Cos. Inc. | 13.86% | 14.73% | 14.23% | 18.04% | 17.00% | 18.91% | 16.63% | 14.19% | 13.32% | 12.49% | 10.55% | 11.06% | 9.98% | 10.85% | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 13.25% | 12.34% | 11.96% | 12.40% | 12.04% | 11.53% | 8.87% | 8.73% | 4.99% | 0.29% | 2.38% | 2.68% | 6.63% | 13.55% | — | — | — | — | — | — | — | — | — | — | — |
Based on: 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
1 Q1 2024 Calculation
ROA = 100
× (Net income (loss)Q1 2024
+ Net income (loss)Q4 2023
+ Net income (loss)Q3 2023
+ Net income (loss)Q2 2023)
÷ Total assets
= 100 × (41,890 + 106,896 + 98,760 + 122,275)
÷ 5,319,830 = 6.95%
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several noteworthy trends in profitability, asset base, and return on assets over the observed periods.
- Net Income (Loss)
- The net income exhibits considerable volatility in the earlier quarters, with sizeable losses initially recorded (e.g., -3,370 thousand USD and -7,862 thousand USD). This is followed by a transition to positive net income from late 2017 onwards, with a significant increase peaking at 64,042 thousand USD in August 2018. Subsequent quarters show fluctuations but maintain a generally positive trend with notable peaks, such as 130,193 thousand USD in January 2021 and 226,746 thousand USD in October 2021. However, there are intermittent decreases including a sharp loss in May 2020 (-3,212 thousand USD) amidst generally strong earnings thereafter. The most recent figures indicate a decline relative to prior peaks but remain positive, reflecting sustained profitability albeit with some volatility.
- Total Assets
- Total assets show an overall increasing trend across the timeline. The initial periods record assets around 1.8 to 2.5 billion USD, with some fluctuations in the earlier years. From early 2020 onwards, the asset base expands substantially, reaching levels above 5 billion USD in 2022. The largest jump occurs between October 2021 and January 2022, where assets nearly double, followed by stability at this higher range through early 2023. This growth indicates ongoing investment and asset acquisition or revaluation contributing to an enhanced asset base.
- Return on Assets (ROA)
- Return on assets was not reported for early periods but begins at a low level of 0.13% in February 2018. It then rises steadily through to late 2021, peaking at 15.4% in October 2021. This metric reflects improving efficiency in asset utilization, correlating with the company's increased profitability and net income. After the peak, ROA declines somewhat in the most recent quarters to approximately 6.95% by April 2023, indicating reduced asset profitability in the latest periods though still at a relatively strong level compared to earlier reported values.
Overall, the data reveals that the company has experienced a significant turnaround from loss-making quarters to sustained profitability, supported by strong growth in its asset base and improved asset utilization efficiency. The fluctuations in net income and ROA particularly beyond 2021 suggest some variability in operational performance or market conditions affecting recent results. Nonetheless, the general upward trends through the majority of the timeframe denote positive financial momentum and expansion.