Return on Assets (ROA)
since 2019
Calculation
Dell Technologies Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to Dell Technologies Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 5.76% | = | 100 | × | 4,592) | ÷ | 79,746) |
| Feb 2, 2024 | 3.91% | = | 100 | × | 3,211) | ÷ | 82,089) |
| Feb 3, 2023 | 2.73% | = | 100 | × | 2,442) | ÷ | 89,611) |
| Jan 28, 2022 | 6.00% | = | 100 | × | 5,563) | ÷ | 92,735) |
| Jan 29, 2021 | 2.63% | = | 100 | × | 3,250) | ÷ | 123,415) |
| Jan 31, 2020 | 3.88% | = | 100 | × | 4,616) | ÷ | 118,861) |
| Feb 1, 2019 | -2.07% | = | 100 | × | (2,310) | ÷ | 111,820) |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 US$ in millions
- Net Income (Loss) Trend
- The net income attributable to Dell Technologies Inc. exhibited significant fluctuations over the analyzed periods. Initially, a net loss of $2,310 million was recorded in early 2019. This transitioned to positive net income reaching a peak of $5,563 million in early 2022. Subsequently, net income showed some volatility, decreasing to $2,442 million in early 2023 before increasing again to $4,592 million by early 2025. Overall, the company demonstrated a recovery from loss to substantial profitability with some intermittent variations.
- Total Assets Trend
- Total assets displayed a general downward trend over the period. From a starting point of $111,820 million in early 2019, assets peaked modestly at $123,415 million in early 2021 before experiencing a marked decline to $79,746 million by early 2025. This decline may indicate divestitures, asset sales, or revaluation impacts affecting the asset base over recent years.
- Return on Assets (ROA) Trend
- Return on assets showed considerable improvement compared to the initial period, starting at -2.07% in 2019, which reflected the net loss position. Positive ROA emerged in 2020 and fluctuated subsequently: reaching a high of 6% in early 2022, dipping to 2.73% in early 2023, then rising to 5.76% by early 2025. The pattern indicates enhanced efficiency in asset utilization despite the shrinking asset base, with profitability gains reflected in improved ROA metrics.
- Summary of Financial Position and Performance
- The company has notably improved profitability from a significant net loss in 2019 to sizable profits in subsequent years, although net income exhibited variability. The declining asset base contrasts with increasing returns, suggesting efficiency improvements or strategic asset management. The ROA improvements reinforce the notion that, despite fewer assets, the company generates greater profit per dollar invested, indicating positive operational and financial management trends.
Comparison to Competitors
Dell Technologies Inc., ROA, long-term trends, comparison to competitors
| Dell Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Jan 31, 2025 | 5.76% | — | — | — | — |
| Feb 2, 2024 | 3.91% | 25.68% | 20.31% | 8.29% | 11.73% |
| Feb 3, 2023 | 2.73% | 27.51% | 20.98% | 12.38% | 17.42% |
| Jan 28, 2022 | 6.00% | 28.29% | 19.96% | 12.57% | 8.90% |
| Jan 29, 2021 | 2.63% | 26.97% | 14.66% | 10.86% | 4.99% |
| Jan 31, 2020 | 3.88% | 17.73% | 13.39% | 11.82% | 4.39% |
| Feb 1, 2019 | -2.07% | 16.32% | 20.54% | 11.88% | 4.27% |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
Comparison to Sector (Technology Hardware & Equipment)
Dell Technologies Inc., ROA, long-term trends, comparison to sector (technology hardware & equipment)
| Dell Technologies Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jan 31, 2025 | 5.76% | — |
| Feb 2, 2024 | 3.91% | 18.69% |
| Feb 3, 2023 | 2.73% | 20.58% |
| Jan 28, 2022 | 6.00% | 21.62% |
| Jan 29, 2021 | 2.63% | 18.88% |
| Jan 31, 2020 | 3.88% | 13.59% |
| Feb 1, 2019 | -2.07% | 11.82% |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
Comparison to Industry (Information Technology)
Dell Technologies Inc., ROA, long-term trends, comparison to industry (information technology)
| Dell Technologies Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2025 | 5.76% | — |
| Feb 2, 2024 | 3.91% | 11.99% |
| Feb 3, 2023 | 2.73% | 12.51% |
| Jan 28, 2022 | 6.00% | 14.57% |
| Jan 29, 2021 | 2.63% | 14.66% |
| Jan 31, 2020 | 3.88% | 11.45% |
| Feb 1, 2019 | -2.07% | 11.78% |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).