Return on Assets (ROA)
since 2005
Calculation
Bed Bath & Beyond Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Feb 26, 2022 | -10.91% | = | 100 | × | (559,623) | ÷ | 5,130,572) |
| Feb 27, 2021 | -2.34% | = | 100 | × | (150,773) | ÷ | 6,456,930) |
| Feb 29, 2020 | -7.88% | = | 100 | × | (613,816) | ÷ | 7,790,515) |
| Mar 2, 2019 | -2.09% | = | 100 | × | (137,224) | ÷ | 6,570,541) |
| Mar 3, 2018 | 6.03% | = | 100 | × | 424,858) | ÷ | 7,040,806) |
| Feb 25, 2017 | 10.01% | = | 100 | × | 685,108) | ÷ | 6,846,029) |
| Feb 27, 2016 | 12.95% | = | 100 | × | 841,489) | ÷ | 6,498,940) |
| Feb 28, 2015 | 14.17% | = | 100 | × | 957,474) | ÷ | 6,758,993) |
| Mar 1, 2014 | 16.08% | = | 100 | × | 1,022,290) | ÷ | 6,356,033) |
| Mar 2, 2013 | 16.53% | = | 100 | × | 1,037,788) | ÷ | 6,279,952) |
| Feb 25, 2012 | 17.29% | = | 100 | × | 989,537) | ÷ | 5,724,546) |
| Feb 26, 2011 | 14.02% | = | 100 | × | 791,333) | ÷ | 5,646,193) |
| Feb 27, 2010 | 11.65% | = | 100 | × | 600,033) | ÷ | 5,152,130) |
| Feb 28, 2009 | 9.96% | = | 100 | × | 425,123) | ÷ | 4,268,843) |
| Mar 1, 2008 | 14.64% | = | 100 | × | 562,808) | ÷ | 3,844,093) |
| Mar 3, 2007 | 15.01% | = | 100 | × | 594,244) | ÷ | 3,959,304) |
| Feb 25, 2006 | 16.94% | = | 100 | × | 572,847) | ÷ | 3,382,140) |
| Feb 26, 2005 | 15.78% | = | 100 | × | 504,964) | ÷ | 3,199,979) |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$ in thousands
The financial trajectory between 2005 and 2022 reflects a transition from high operational efficiency and consistent profitability to a state of severe financial distress. The Return on Assets (ROA) serves as a primary indicator of this decline, moving from a decade of strength to a period of negative returns.
- Period of Sustained Efficiency (2005–2014)
- During this interval, ROA remained consistently high, generally fluctuating between 14% and 17%. The peak efficiency was observed in 2012, with an ROA of 17.29%. This period was characterized by steady growth in net earnings, which rose from $504.9 million in 2005 to a peak of $1.038 billion in 2013, while total assets expanded from $3.2 billion to approximately $6.36 billion.
- Gradual Profitability Erosion (2015–2018)
- A clear downward trend in asset productivity is evident starting in 2015. ROA declined steadily from 14.17% in 2015 to 6.03% in 2018. This deterioration corresponds with a significant contraction in net earnings, which fell from $957.5 million in 2015 to $424.9 million in 2018, despite total assets remaining relatively stable or increasing slightly.
- Phase of Financial Distress (2019–2022)
- The final period analyzed is marked by a collapse in profitability, with net earnings turning negative in 2019. Consequently, the ROA shifted to negative territory, recording -2.09% in 2019 and reaching a low of -10.91% by 2022. While total assets peaked in 2020 at $7.79 billion, a subsequent contraction to $5.13 billion by 2022 occurred alongside deepening net losses, indicating a failure to generate positive returns from the asset base.
The overall trend demonstrates that the ability to convert assets into profit diminished significantly over time. The transition from an average ROA of approximately 15% in the first decade to a deep negative return by 2022 highlights a systemic decline in operational viability.
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Comparison to Competitors
Bed Bath & Beyond Inc., ROA, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 26, 2022 | -10.91% | -0.59% | 22.86% | 18.91% | 11.53% |
| Feb 27, 2021 | -2.34% | 7.93% | 18.23% | 12.49% | 0.29% |
| Feb 29, 2020 | -7.88% | 6.64% | 21.94% | 10.85% | 13.55% |
| Mar 2, 2019 | -2.09% | 5.14% | 25.27% | 6.71% | 21.36% |
| Mar 3, 2018 | 6.03% | 6.19% | 19.38% | 9.77% | 18.55% |
| Feb 25, 2017 | 10.01% | 2.31% | 18.52% | 8.99% | 17.84% |
| Feb 27, 2016 | 12.95% | 2.84% | 16.47% | 8.14% | 19.81% |
| Feb 28, 2015 | 14.17% | 0.91% | 15.88% | 8.48% | 19.91% |
| Mar 1, 2014 | 16.08% | -0.44% | 13.29% | 6.98% | 20.95% |
| Mar 2, 2013 | 16.53% | 0.68% | 11.04% | 6.00% | 20.05% |
| Feb 25, 2012 | 17.29% | -0.12% | 9.58% | 5.48% | 18.07% |
| Feb 26, 2011 | 14.02% | 2.50% | 8.32% | 5.96% | 16.85% |
| Feb 27, 2010 | 11.65% | 6.13% | 6.51% | 5.40% | 16.26% |
| Feb 28, 2009 | 9.96% | 6.53% | 5.49% | 6.72% | 14.25% |
| Mar 1, 2008 | 14.64% | 7.76% | 9.92% | 9.10% | 11.69% |
| Mar 3, 2007 | 15.01% | 7.34% | 11.02% | 11.18% | 12.13% |
| Feb 25, 2006 | 16.94% | 4.35% | 13.12% | 11.23% | 12.56% |
| Feb 26, 2005 | 15.78% | 9.71% | 12.85% | 10.26% | 13.09% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Bed Bath & Beyond Inc., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Bed Bath & Beyond Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 26, 2022 | -10.91% | 4.19% |
| Feb 27, 2021 | -2.34% | 9.17% |
| Feb 29, 2020 | -7.88% | 9.20% |
| Mar 2, 2019 | -2.09% | 8.83% |
| Mar 3, 2018 | 6.03% | 9.65% |
| Feb 25, 2017 | 10.01% | 7.39% |
| Feb 27, 2016 | 12.95% | 8.42% |
| Feb 28, 2015 | 14.17% | 7.99% |
| Mar 1, 2014 | 16.08% | 6.94% |
| Mar 2, 2013 | 16.53% | 7.03% |
| Feb 25, 2012 | 17.29% | 6.25% |
| Feb 26, 2011 | 14.02% | 6.84% |
| Feb 27, 2010 | 11.65% | 6.80% |
| Feb 28, 2009 | 9.96% | 6.65% |
| Mar 1, 2008 | 14.64% | 9.57% |
| Mar 3, 2007 | 15.01% | 10.89% |
| Feb 25, 2006 | 16.94% | 12.01% |
| Feb 26, 2005 | 15.78% | 11.90% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Bed Bath & Beyond Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| Bed Bath & Beyond Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 26, 2022 | -10.91% | 4.81% |
| Feb 27, 2021 | -2.34% | 7.99% |
| Feb 29, 2020 | -7.88% | 4.36% |
| Mar 2, 2019 | -2.09% | 5.57% |
| Mar 3, 2018 | 6.03% | 5.96% |
| Feb 25, 2017 | 10.01% | 4.05% |
| Feb 27, 2016 | 12.95% | 5.57% |
| Feb 28, 2015 | 14.17% | 6.25% |
| Mar 1, 2014 | 16.08% | 4.75% |
| Mar 2, 2013 | 16.53% | 5.52% |
| Feb 25, 2012 | 17.29% | 5.65% |
| Feb 26, 2011 | 14.02% | 9.48% |
| Feb 27, 2010 | 11.65% | 6.05% |
| Feb 28, 2009 | 9.96% | 4.67% |
| Mar 1, 2008 | 14.64% | 0.21% |
| Mar 3, 2007 | 15.01% | 2.85% |
| Feb 25, 2006 | 16.94% | 0.60% |
| Feb 26, 2005 | 15.78% | 3.80% |
Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).