Adjusted Financial Ratios (Summary)
Adjusted Total Asset Turnover
Adjusted Current Ratio
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)

Williams-Sonoma Inc., adjusted financial ratios

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Activity Ratio
Total Asset Turnover
Reported	1.47	1.86	1.78	1.46	1.45	2.02
Adjusted	1.52	1.90	1.82	1.49	1.47	1.33
Liquidity Ratio
Current Ratio
Reported	1.45	1.24	1.31	1.34	1.09	1.58
Adjusted	2.08	1.76	1.76	1.67	1.33	2.16
Solvency Ratios
Debt to Equity
Reported	0.00	0.00	0.00	0.18	0.24	0.26
Adjusted	0.54	0.69	0.62	0.78	1.10	1.27
Debt to Capital
Reported	0.00	0.00	0.00	0.15	0.20	0.21
Adjusted	0.35	0.41	0.38	0.44	0.52	0.56
Financial Leverage
Reported	2.48	2.74	2.78	2.82	3.28	2.43
Adjusted	1.99	2.18	2.22	2.34	2.71	3.03
Profitability Ratios
Net Profit Margin
Reported	12.25%	13.00%	13.66%	10.04%	6.04%	5.88%
Adjusted	12.92%	13.01%	14.42%	11.05%	5.92%	6.06%
Return on Equity (ROE)
Reported	44.63%	66.31%	67.68%	41.23%	28.81%	28.87%
Adjusted	39.07%	53.90%	58.33%	38.60%	23.59%	24.41%
Return on Assets (ROA)
Reported	18.01%	24.19%	24.35%	14.60%	8.78%	11.86%
Adjusted	19.63%	24.72%	26.26%	16.49%	8.72%	8.06%

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

Financial ratio	Description	The company
Adjusted total asset turnover	An activity ratio calculated as total revenue divided by adjusted total assets.	Williams-Sonoma Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Williams-Sonoma Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total equity.	Williams-Sonoma Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
Adjusted debt-to-capital ratio	A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity.	Williams-Sonoma Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.
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.	Williams-Sonoma Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by total revenue.	Williams-Sonoma Inc. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Williams-Sonoma Inc. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Williams-Sonoma Inc. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Williams-Sonoma Inc., Financial Ratios: Reported vs. Adjusted

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	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Net revenues	7,750,652)	8,674,417)	8,245,936)	6,783,189)	5,898,008)	5,671,593)
Total assets	5,273,548)	4,663,016)	4,625,620)	4,661,424)	4,054,042)	2,812,844)
Activity Ratio
Total asset turnover¹	1.47	1.86	1.78	1.46	1.45	2.02
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net revenues²	7,845,327)	8,705,876)	8,320,542)	6,866,740)	5,897,176)	5,661,431)
Adjusted total assets³	5,162,892)	4,581,627)	4,569,035)	4,599,570)	4,006,065)	4,253,320)
Activity Ratio
Adjusted total asset turnover⁴	1.52	1.90	1.82	1.49	1.47	1.33

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 7,750,652 ÷ 5,273,548 = 1.47

² Adjusted net revenues. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted total asset turnover = Adjusted net revenues ÷ Adjusted total assets
= 7,845,327 ÷ 5,162,892 = 1.52

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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.	Williams-Sonoma Inc. adjusted total asset turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Current assets	2,719,797)	2,036,080)	2,323,894)	2,467,080)	1,755,635)	1,694,343)
Current liabilities	1,880,315)	1,636,451)	1,771,686)	1,848,000)	1,609,555)	1,074,812)
Liquidity Ratio
Current ratio¹	1.45	1.24	1.31	1.34	1.09	1.58
Adjusted
Selected Financial Data (US$ in thousands)
Current assets	2,719,797)	2,036,080)	2,323,894)	2,467,080)	1,755,635)	1,694,343)
Adjusted current liabilities²	1,306,411)	1,157,222)	1,323,916)	1,474,836)	1,319,942)	784,367)
Liquidity Ratio
Adjusted current ratio³	2.08	1.76	1.76	1.67	1.33	2.16

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,719,797 ÷ 1,880,315 = 1.45

² Adjusted current liabilities. See details »

³ 2024 Calculation
Adjusted current ratio = Current assets ÷ Adjusted current liabilities
= 2,719,797 ÷ 1,306,411 = 2.08

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Liquidity ratio	Description	The company
Adjusted current ratio	A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities.	Williams-Sonoma Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	—)	—)	—)	299,350)	299,818)	299,620)
Stockholders’ equity	2,127,861)	1,701,051)	1,664,207)	1,651,185)	1,235,860)	1,155,714)
Solvency Ratio
Debt to equity¹	0.00	0.00	0.00	0.18	0.24	0.26
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	1,390,621)	1,443,658)	1,284,248)	1,534,161)	1,622,320)	1,784,151)
Adjusted stockholders’ equity³	2,594,283)	2,101,292)	2,056,711)	1,965,608)	1,480,251)	1,404,634)
Solvency Ratio
Adjusted debt to equity⁴	0.54	0.69	0.62	0.78	1.10	1.27

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 0 ÷ 2,127,861 = 0.00

² Adjusted total debt. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 1,390,621 ÷ 2,594,283 = 0.54

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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.	Williams-Sonoma Inc. adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Total debt	—)	—)	—)	299,350)	299,818)	299,620)
Total capital	2,127,861)	1,701,051)	1,664,207)	1,950,535)	1,535,678)	1,455,334)
Solvency Ratio
Debt to capital¹	0.00	0.00	0.00	0.15	0.20	0.21
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt²	1,390,621)	1,443,658)	1,284,248)	1,534,161)	1,622,320)	1,784,151)
Adjusted total capital³	3,984,904)	3,544,950)	3,340,959)	3,499,769)	3,102,571)	3,188,785)
Solvency Ratio
Adjusted debt to capital⁴	0.35	0.41	0.38	0.44	0.52	0.56

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 2,127,861 = 0.00

² Adjusted total debt. See details »

³ Adjusted total capital. See details »

⁴ 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 1,390,621 ÷ 3,984,904 = 0.35

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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.	Williams-Sonoma Inc. adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Total assets	5,273,548)	4,663,016)	4,625,620)	4,661,424)	4,054,042)	2,812,844)
Stockholders’ equity	2,127,861)	1,701,051)	1,664,207)	1,651,185)	1,235,860)	1,155,714)
Solvency Ratio
Financial leverage¹	2.48	2.74	2.78	2.82	3.28	2.43
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets²	5,162,892)	4,581,627)	4,569,035)	4,599,570)	4,006,065)	4,253,320)
Adjusted stockholders’ equity³	2,594,283)	2,101,292)	2,056,711)	1,965,608)	1,480,251)	1,404,634)
Solvency Ratio
Adjusted financial leverage⁴	1.99	2.18	2.22	2.34	2.71	3.03

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 5,273,548 ÷ 2,127,861 = 2.48

² Adjusted total assets. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 5,162,892 ÷ 2,594,283 = 1.99

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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.	Williams-Sonoma Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Net earnings	949,762)	1,127,904)	1,126,337)	680,714)	356,062)	333,684)
Net revenues	7,750,652)	8,674,417)	8,245,936)	6,783,189)	5,898,008)	5,671,593)
Profitability Ratio
Net profit margin¹	12.25%	13.00%	13.66%	10.04%	6.04%	5.88%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings²	1,013,609)	1,132,559)	1,199,767)	758,674)	349,159)	342,870)
Adjusted net revenues³	7,845,327)	8,705,876)	8,320,542)	6,866,740)	5,897,176)	5,661,431)
Profitability Ratio
Adjusted net profit margin⁴	12.92%	13.01%	14.42%	11.05%	5.92%	6.06%

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
Net profit margin = 100 × Net earnings ÷ Net revenues
= 100 × 949,762 ÷ 7,750,652 = 12.25%

² Adjusted net earnings. See details »

³ Adjusted net revenues. See details »

⁴ 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Adjusted net revenues
= 100 × 1,013,609 ÷ 7,845,327 = 12.92%

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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.	Williams-Sonoma Inc. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Net earnings	949,762)	1,127,904)	1,126,337)	680,714)	356,062)	333,684)
Stockholders’ equity	2,127,861)	1,701,051)	1,664,207)	1,651,185)	1,235,860)	1,155,714)
Profitability Ratio
ROE¹	44.63%	66.31%	67.68%	41.23%	28.81%	28.87%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings²	1,013,609)	1,132,559)	1,199,767)	758,674)	349,159)	342,870)
Adjusted stockholders’ equity³	2,594,283)	2,101,292)	2,056,711)	1,965,608)	1,480,251)	1,404,634)
Profitability Ratio
Adjusted ROE⁴	39.07%	53.90%	58.33%	38.60%	23.59%	24.41%

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
ROE = 100 × Net earnings ÷ Stockholders’ equity
= 100 × 949,762 ÷ 2,127,861 = 44.63%

² Adjusted net earnings. See details »

³ Adjusted stockholders’ equity. See details »

⁴ 2024 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted stockholders’ equity
= 100 × 1,013,609 ÷ 2,594,283 = 39.07%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by adjusted total equity.	Williams-Sonoma Inc. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Reported
Selected Financial Data (US$ in thousands)
Net earnings	949,762)	1,127,904)	1,126,337)	680,714)	356,062)	333,684)
Total assets	5,273,548)	4,663,016)	4,625,620)	4,661,424)	4,054,042)	2,812,844)
Profitability Ratio
ROA¹	18.01%	24.19%	24.35%	14.60%	8.78%	11.86%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net earnings²	1,013,609)	1,132,559)	1,199,767)	758,674)	349,159)	342,870)
Adjusted total assets³	5,162,892)	4,581,627)	4,569,035)	4,599,570)	4,006,065)	4,253,320)
Profitability Ratio
Adjusted ROA⁴	19.63%	24.72%	26.26%	16.49%	8.72%	8.06%

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

¹ 2024 Calculation
ROA = 100 × Net earnings ÷ Total assets
= 100 × 949,762 ÷ 5,273,548 = 18.01%

² Adjusted net earnings. See details »

³ Adjusted total assets. See details »

⁴ 2024 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 1,013,609 ÷ 5,162,892 = 19.63%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by adjusted total assets.	Williams-Sonoma Inc. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Williams-Sonoma Inc. (NYSE:WSM)

Adjusted Financial Ratios

Adjusted Financial Ratios (Summary)

Williams-Sonoma Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Adjusted Current Ratio

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)