Return on Assets (ROA)
since 2005
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Walgreens Boots Alliance Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
Walgreens Boots Alliance Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings attributable to Walgreens Boots Alliance, Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Aug 31, 2019 | = | 100 | × | ÷ | |||
| Aug 31, 2018 | = | 100 | × | ÷ | |||
| Aug 31, 2017 | = | 100 | × | ÷ | |||
| Aug 31, 2016 | = | 100 | × | ÷ | |||
| Aug 31, 2015 | = | 100 | × | ÷ | |||
| Aug 31, 2014 | = | 100 | × | ÷ | |||
| Aug 31, 2013 | = | 100 | × | ÷ | |||
| Aug 31, 2012 | = | 100 | × | ÷ | |||
| Aug 31, 2011 | = | 100 | × | ÷ | |||
| Aug 31, 2010 | = | 100 | × | ÷ | |||
| Aug 31, 2009 | = | 100 | × | ÷ | |||
| Aug 31, 2008 | = | 100 | × | ÷ | |||
| Aug 31, 2007 | = | 100 | × | ÷ | |||
| Aug 31, 2006 | = | 100 | × | ÷ | |||
| Aug 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$ in millions
- Net Earnings
- The net earnings exhibited an overall increasing trend from 2005 to 2019, with fluctuations observed along the timeline. Starting at $1,560 million in 2005, earnings rose to a peak of $5,024 million in 2018 before declining to $3,982 million in 2019. Notably, substantial growth occurred between 2013 and 2015, with net earnings nearly doubling over this period. However, after reaching the peak in 2018, the earnings decreased by approximately 21% in 2019, indicating potential challenges or changes affecting profitability.
- Total Assets
- Total assets displayed a consistent upward trajectory from 2005 through 2019. Asset values increased from $14,609 million in 2005 to a significant jump in 2015, where they reached $68,782 million. This substantial increase in 2015 likely corresponds to an acquisition, investment, or an accounting change given the sharp rise compared to previous years. After 2015, assets remained at elevated levels, fluctuating moderately between approximately $66,000 million and $72,000 million through 2019, suggesting a stable asset base following the expansion.
- Return on Assets (ROA)
- The return on assets ratio experienced a downward trend overall. From a high of 10.68% in 2005, ROA gradually declined to 5.89% by 2019. Midway, there were periods of slight recovery, for instance, around 2017-2018 when ROA increased from 5.74% to 7.37%, coinciding with the peak in net earnings. Despite these short-term improvements, the overall trend indicates diminishing efficiency in generating earnings from the asset base over the 15-year period. The sharp increase in total assets after 2014 combined with a relatively modest rise in net earnings contributes to this declining ROA, reflecting reduced asset utilization effectiveness.
- Summary
- The data suggest that while the company expanded its asset base significantly, particularly around 2015, this was not proportionally matched by net earnings growth, resulting in a declining return on assets. Despite fluctuating net earnings with notable peaks and troughs, the company's profitability faced challenges in translating asset growth into proportional earnings increases. The trends highlight potential strategic shifts or external factors impacting operational efficiency and profitability over the years evaluated.
Comparison to Competitors
Walgreens Boots Alliance Inc., ROA, long-term trends, comparison to competitors
| Walgreens Boots Alliance Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Aug 31, 2019 | ||||
| Aug 31, 2018 | ||||
| Aug 31, 2017 | ||||
| Aug 31, 2016 | ||||
| Aug 31, 2015 | ||||
| Aug 31, 2014 | ||||
| Aug 31, 2013 | ||||
| Aug 31, 2012 | ||||
| Aug 31, 2011 | ||||
| Aug 31, 2010 | ||||
| Aug 31, 2009 | ||||
| Aug 31, 2008 | ||||
| Aug 31, 2007 | ||||
| Aug 31, 2006 | ||||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Consumer Staples Distribution & Retail)
Walgreens Boots Alliance Inc., ROA, long-term trends, comparison to sector (consumer staples distribution & retail)
| Walgreens Boots Alliance Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Aug 31, 2019 | ||
| Aug 31, 2018 | ||
| Aug 31, 2017 | ||
| Aug 31, 2016 | ||
| Aug 31, 2015 | ||
| Aug 31, 2014 | ||
| Aug 31, 2013 | ||
| Aug 31, 2012 | ||
| Aug 31, 2011 | ||
| Aug 31, 2010 | ||
| Aug 31, 2009 | ||
| Aug 31, 2008 | ||
| Aug 31, 2007 | ||
| Aug 31, 2006 | ||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Consumer Staples)
Walgreens Boots Alliance Inc., ROA, long-term trends, comparison to industry (consumer staples)
| Walgreens Boots Alliance Inc. | Consumer Staples | |
|---|---|---|
| Aug 31, 2019 | ||
| Aug 31, 2018 | ||
| Aug 31, 2017 | ||
| Aug 31, 2016 | ||
| Aug 31, 2015 | ||
| Aug 31, 2014 | ||
| Aug 31, 2013 | ||
| Aug 31, 2012 | ||
| Aug 31, 2011 | ||
| Aug 31, 2010 | ||
| Aug 31, 2009 | ||
| Aug 31, 2008 | ||
| Aug 31, 2007 | ||
| Aug 31, 2006 | ||
| Aug 31, 2005 |
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).