Return on Assets (ROA)
since 2006
Calculation
GameStop Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Feb 3, 2024 | 0.25% | = | 100 | × | 6,700) | ÷ | 2,709,000) |
| Jan 28, 2023 | -10.06% | = | 100 | × | (313,100) | ÷ | 3,113,400) |
| Jan 29, 2022 | -10.90% | = | 100 | × | (381,300) | ÷ | 3,499,300) |
| Jan 30, 2021 | -8.71% | = | 100 | × | (215,300) | ÷ | 2,472,600) |
| Feb 1, 2020 | -16.70% | = | 100 | × | (470,900) | ÷ | 2,819,700) |
| Feb 2, 2019 | -16.64% | = | 100 | × | (673,000) | ÷ | 4,044,300) |
| Feb 3, 2018 | 0.69% | = | 100 | × | 34,700) | ÷ | 5,041,600) |
| Jan 28, 2017 | 7.10% | = | 100 | × | 353,200) | ÷ | 4,975,900) |
| Jan 30, 2016 | 9.29% | = | 100 | × | 402,800) | ÷ | 4,334,900) |
| Jan 31, 2015 | 9.26% | = | 100 | × | 393,100) | ÷ | 4,246,300) |
| Feb 1, 2014 | 8.66% | = | 100 | × | 354,200) | ÷ | 4,091,400) |
| Feb 2, 2013 | -6.52% | = | 100 | × | (269,700) | ÷ | 4,133,600) |
| Jan 28, 2012 | 7.01% | = | 100 | × | 339,900) | ÷ | 4,847,400) |
| Jan 29, 2011 | 8.06% | = | 100 | × | 408,000) | ÷ | 5,063,800) |
| Jan 30, 2010 | 7.61% | = | 100 | × | 377,265) | ÷ | 4,955,327) |
| Jan 31, 2009 | 8.83% | = | 100 | × | 398,282) | ÷ | 4,512,590) |
| Feb 2, 2008 | 7.64% | = | 100 | × | 288,291) | ÷ | 3,775,891) |
| Feb 3, 2007 | 4.72% | = | 100 | × | 158,250) | ÷ | 3,349,584) |
| Jan 28, 2006 | 3.34% | = | 100 | × | 100,784) | ÷ | 3,015,119) |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
1 US$ in thousands
The analysis of return on assets (ROA) over the period from 2006 to 2024 reveals a trajectory characterized by early stability and growth, a period of severe contraction and sustained losses, and a recent return to marginal profitability.
- Phase of Growth and Asset Optimization (2006–2012)
- An upward trend in asset efficiency is observed during the initial years, with ROA rising from 3.34% in 2006 to a peak of 8.83% in 2009. This period was supported by a consistent increase in total assets, which grew from approximately 3.02 billion to 5.06 billion. Net income remained positive throughout this interval, indicating a period of strong operational scalability.
- Volatility and Historical Peaks (2013–2016)
- This period was marked by significant volatility. A sharp decline occurred in 2013, where a net loss led to an ROA of -6.52%. However, this was followed by a rapid recovery, with ROA reaching its highest recorded levels of 9.26% in 2015 and 9.29% in 2016. These peaks demonstrate a high capacity for generating profit from the asset base prior to the subsequent structural decline.
- Structural Decline and Sustained Negative Returns (2017–2023)
- A pronounced downward trend began in 2017, as ROA fell from 7.10% to 0.69% in 2018, and plummeted to -16.64% by 2019. For the following five years, ROA remained consistently negative, reaching a low of -16.70% in 2020. This phase is characterized by deep net losses and a general reduction in total assets, which declined from a peak of 5.04 billion in 2018 to 3.11 billion by 2023, reflecting a period of significant financial distress and asset impairment.
- Recent Recovery and Stabilization (2024)
- A transition back to positive territory is observed in the final period. As of February 2024, net income returned to a positive value, resulting in an ROA of 0.25%. Although this figure is substantially lower than the peaks seen between 2009 and 2016, it marks the end of a consecutive six-year period of negative returns on assets.
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Comparison to Competitors
GameStop Corp., ROA, long-term trends, comparison to competitors
| GameStop Corp. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Feb 3, 2024 | 0.25% | 9.48% | 19.79% | 18.49% | 15.04% |
| Jan 28, 2023 | -10.06% | 5.76% | 22.38% | 14.73% | 12.34% |
| Jan 29, 2022 | -10.90% | -0.59% | 22.86% | 18.91% | 11.53% |
| Jan 30, 2021 | -8.71% | 7.93% | 18.23% | 12.49% | 0.29% |
| Feb 1, 2020 | -16.70% | 6.64% | 21.94% | 10.85% | 13.55% |
| Feb 2, 2019 | -16.64% | 5.14% | 25.27% | 6.71% | 21.36% |
| Feb 3, 2018 | 0.69% | 6.19% | 19.38% | 9.77% | 18.55% |
| Jan 28, 2017 | 7.10% | 2.31% | 18.52% | 8.99% | 17.84% |
| Jan 30, 2016 | 9.29% | 2.84% | 16.47% | 8.14% | 19.81% |
| Jan 31, 2015 | 9.26% | 0.91% | 15.88% | 8.48% | 19.91% |
| Feb 1, 2014 | 8.66% | -0.44% | 13.29% | 6.98% | 20.95% |
| Feb 2, 2013 | -6.52% | 0.68% | 11.04% | 6.00% | 20.05% |
| Jan 28, 2012 | 7.01% | -0.12% | 9.58% | 5.48% | 18.07% |
| Jan 29, 2011 | 8.06% | 2.50% | 8.32% | 5.96% | 16.85% |
| Jan 30, 2010 | 7.61% | 6.13% | 6.51% | 5.40% | 16.26% |
| Jan 31, 2009 | 8.83% | 6.53% | 5.49% | 6.72% | 14.25% |
| Feb 2, 2008 | 7.64% | 7.76% | 9.92% | 9.10% | 11.69% |
| Feb 3, 2007 | 4.72% | 7.34% | 11.02% | 11.18% | 12.13% |
| Jan 28, 2006 | 3.34% | 4.35% | 13.12% | 11.23% | 12.56% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
GameStop Corp., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| GameStop Corp. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Feb 3, 2024 | 0.25% | 11.20% |
| Jan 28, 2023 | -10.06% | 8.50% |
| Jan 29, 2022 | -10.90% | 4.19% |
| Jan 30, 2021 | -8.71% | 9.17% |
| Feb 1, 2020 | -16.70% | 9.20% |
| Feb 2, 2019 | -16.64% | 8.83% |
| Feb 3, 2018 | 0.69% | 9.65% |
| Jan 28, 2017 | 7.10% | 7.39% |
| Jan 30, 2016 | 9.29% | 8.42% |
| Jan 31, 2015 | 9.26% | 7.99% |
| Feb 1, 2014 | 8.66% | 6.94% |
| Feb 2, 2013 | -6.52% | 7.03% |
| Jan 28, 2012 | 7.01% | 6.25% |
| Jan 29, 2011 | 8.06% | 6.84% |
| Jan 30, 2010 | 7.61% | 6.80% |
| Jan 31, 2009 | 8.83% | 6.65% |
| Feb 2, 2008 | 7.64% | 9.57% |
| Feb 3, 2007 | 4.72% | 10.89% |
| Jan 28, 2006 | 3.34% | 12.01% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).
Comparison to Industry (Consumer Discretionary)
GameStop Corp., ROA, long-term trends, comparison to industry (consumer discretionary)
| GameStop Corp. | Consumer Discretionary | |
|---|---|---|
| Feb 3, 2024 | 0.25% | 8.12% |
| Jan 28, 2023 | -10.06% | 7.57% |
| Jan 29, 2022 | -10.90% | 4.81% |
| Jan 30, 2021 | -8.71% | 7.99% |
| Feb 1, 2020 | -16.70% | 4.36% |
| Feb 2, 2019 | -16.64% | 5.57% |
| Feb 3, 2018 | 0.69% | 5.96% |
| Jan 28, 2017 | 7.10% | 4.05% |
| Jan 30, 2016 | 9.29% | 5.57% |
| Jan 31, 2015 | 9.26% | 6.25% |
| Feb 1, 2014 | 8.66% | 4.75% |
| Feb 2, 2013 | -6.52% | 5.52% |
| Jan 28, 2012 | 7.01% | 5.65% |
| Jan 29, 2011 | 8.06% | 9.48% |
| Jan 30, 2010 | 7.61% | 6.05% |
| Jan 31, 2009 | 8.83% | 4.67% |
| Feb 2, 2008 | 7.64% | 0.21% |
| Feb 3, 2007 | 4.72% | 2.85% |
| Jan 28, 2006 | 3.34% | 0.60% |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28).