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Academy Sports and Outdoors (NAS:ASO) ROE %

: 49.53% (As of Jul. 2022)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Academy Sports and Outdoors's annualized net income for the quarter that ended in Jul. 2022 was $755 Mil. Academy Sports and Outdoors's average Total Stockholders Equity over the quarter that ended in Jul. 2022 was $1,525 Mil. Therefore, Academy Sports and Outdoors's annualized ROE % for the quarter that ended in Jul. 2022 was 49.53%.

The historical rank and industry rank for Academy Sports and Outdoors's ROE % or its related term are showing as below:

ASO' s ROE % Range Over the Past 10 Years
Min: 2.5   Med: 21.21   Max: 52.07
Current: 43.71

During the past 5 years, Academy Sports and Outdoors's highest ROE % was 52.07%. The lowest was 2.50%. And the median was 21.21%.

ASO's ROE % is ranked better than
92.53% of 1085 companies
in the Retail - Cyclical industry
Industry Median: 6.44 vs ASO: 43.71

Academy Sports and Outdoors (NAS:ASO) ROE % Historical Data

The historical data trend for Academy Sports and Outdoors's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Academy Sports and Outdoors Annual Data
Trend Jan18 Jan19 Jan20 Jan21 Jan22
ROE % - 2.50 13.01 29.40 52.07

Academy Sports and Outdoors Quarterly Data
Jan18 Jan19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.19 45.70 39.89 40.01 49.53

Academy Sports and Outdoors (NAS:ASO) ROE % Competitive Comparison

For the Specialty Retail subindustry, Academy Sports and Outdoors's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Academy Sports and Outdoors (NAS:ASO) ROE % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's ROE % distribution charts can be found below:

* The bar in red indicates where Academy Sports and Outdoors's ROE % falls into.



Academy Sports and Outdoors ROE % Calculation

Academy Sports and Outdoors's annualized ROE % for the fiscal year that ended in Jan. 2022 is calculated as

ROE %=Net Income (A: Jan. 2022 )/( (Total Stockholders Equity (A: Jan. 2021 )+Total Stockholders Equity (A: Jan. 2022 ))/ count )
=671.381/( (1111.983+1466.946)/ 2 )
=671.381/1289.4645
=52.07 %

Academy Sports and Outdoors's annualized ROE % for the quarter that ended in Jul. 2022 is calculated as

ROE %=Net Income (Q: Jul. 2022 )/( (Total Stockholders Equity (Q: Apr. 2022 )+Total Stockholders Equity (Q: Jul. 2022 ))/ count )
=755.204/( (1528.508+1521.271)/ 2 )
=755.204/1524.8895
=49.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jul. 2022) net income data. ROE % is displayed in the 30-year financial page.


Academy Sports and Outdoors  (NAS:ASO) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jul. 2022 )
=Net Income/Total Stockholders Equity
=755.204/1524.8895
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(755.204 / 6747.66)*(6747.66 / 4686.5625)*(4686.5625 / 1524.8895)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.19 %*1.4398*3.0734
=ROA %*Equity Multiplier
=16.11 %*3.0734
=49.53 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jul. 2022 )
=Net Income/Total Stockholders Equity
=755.204/1524.8895
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (755.204 / 988.072) * (988.072 / 1026.936) * (1026.936 / 6747.66) * (6747.66 / 4686.5625) * (4686.5625 / 1524.8895)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7643 * 0.9622 * 15.22 % * 1.4398 * 3.0734
=49.53 %

Note: The net income data used here is four times the quarterly (Jul. 2022) net income data. The Revenue data used here is four times the quarterly (Jul. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Academy Sports and Outdoors ROE % Related Terms

Thank you for viewing the detailed overview of Academy Sports and Outdoors's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Academy Sports and Outdoors (NAS:ASO) Business Description

Academy Sports and Outdoors logo
Traded in Other Exchanges
N/A
Address
1800 North Mason Road, Katy, TX, USA, 77449
Academy Sports and Outdoors Inc is engaged in the retail business of sporting goods and outdoor recreation products. The company offers outdoor clothing, backpacks, sunglasses, luggage items, shooting equipment, fishing equipment, boating and water sports equipment, backyard recreation products, outdoor cooking equipment, fitness equipment, electronic items, dog supplies, and other products.
Executives
Turner Christopher Lee director 1441 GARDINER LANE LOUISVILLE KY 40213
Turney Sharen J director THREE LIMITED PARKWAY COLUMBUS OH 43230
Raff Beryl director 5555 DARROW RD HUDSON OH 44236
Nealon Thomas M director 6501 LEGACY DRIVE PLANO TX 75024
Harriman Sherry L. officer: SVP, Logistics & Supply Chain C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 N MASON ROAD KATY TX 77449
Beck Wendy A. director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD. 7665 CORPORATE CENTER DRIVE MIAMI FL 33126
Allstar Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Allstar Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Kkr 2006 Fund (allstar) L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Davis Heather A. officer: VP, Controller C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Gp Llc 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Tweedy Jeffrey C. director C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Allstar Co-invest Blocker L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P. 30 HUDSON YARDS NEW YORK NY 10001
Ennis William S. officer: See Remarks C/O ACADEMY SPORTS AND OUTDOORS, INC. 1800 NORTH MASON ROAD KATY TX 77449
Patel Vishal director C/O US FOODS HOLDING CORP. 9399 W. HIGGINS RD. ROSEMONT IL 60018

Academy Sports and Outdoors (NAS:ASO) Headlines

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