Return on Assets (ROA)
since 2005
Calculation
Williams-Sonoma Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net earnings1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jan 28, 2024 | 18.01% | = | 100 | × | 949,762) | ÷ | 5,273,548) |
| Jan 29, 2023 | 24.19% | = | 100 | × | 1,127,904) | ÷ | 4,663,016) |
| Jan 30, 2022 | 24.35% | = | 100 | × | 1,126,337) | ÷ | 4,625,620) |
| Jan 31, 2021 | 14.60% | = | 100 | × | 680,714) | ÷ | 4,661,424) |
| Feb 2, 2020 | 8.78% | = | 100 | × | 356,062) | ÷ | 4,054,042) |
| Feb 3, 2019 | 11.86% | = | 100 | × | 333,684) | ÷ | 2,812,844) |
| Jan 28, 2018 | 9.32% | = | 100 | × | 259,545) | ÷ | 2,785,749) |
| Jan 29, 2017 | 12.33% | = | 100 | × | 305,387) | ÷ | 2,476,879) |
| Jan 31, 2016 | 12.83% | = | 100 | × | 310,068) | ÷ | 2,417,427) |
| Feb 1, 2015 | 13.25% | = | 100 | × | 308,854) | ÷ | 2,330,277) |
| Feb 2, 2014 | 11.94% | = | 100 | × | 278,902) | ÷ | 2,336,734) |
| Feb 3, 2013 | 11.74% | = | 100 | × | 256,730) | ÷ | 2,187,679) |
| Jan 29, 2012 | 11.50% | = | 100 | × | 236,931) | ÷ | 2,060,838) |
| Jan 30, 2011 | 9.39% | = | 100 | × | 200,227) | ÷ | 2,131,762) |
| Jan 31, 2010 | 3.72% | = | 100 | × | 77,442) | ÷ | 2,079,169) |
| Feb 1, 2009 | 1.55% | = | 100 | × | 30,024) | ÷ | 1,935,464) |
| Feb 3, 2008 | 9.35% | = | 100 | × | 195,757) | ÷ | 2,093,854) |
| Jan 28, 2007 | 10.20% | = | 100 | × | 208,868) | ÷ | 2,048,331) |
| Jan 29, 2006 | 10.84% | = | 100 | × | 214,866) | ÷ | 1,981,620) |
| Jan 30, 2005 | 10.96% | = | 100 | × | 191,234) | ÷ | 1,745,545) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in thousands
The analysis of asset utilization over the period from 2005 to 2024 reveals three distinct phases: a period of severe volatility linked to macroeconomic instability, a decade of steady recovery and stabilization, and a recent era of exceptional profitability followed by a moderate normalization.
- Early Volatility and Macroeconomic Impact (2005–2010)
- Between 2005 and 2008, the return on assets (ROA) remained relatively stable, ranging from 10.96% to 9.35%. However, a sharp contraction occurred in 2009, where ROA plummeted to 1.55%. This decline was driven by a significant collapse in net earnings, which fell from 195.7 million USD in 2008 to 30 million USD in 2009. A gradual recovery began in 2010, with ROA rising to 3.72% as net earnings began to rebound.
- Recovery and Stabilization (2011–2019)
- From 2011 to 2019, a trend of consistency emerged. ROA generally fluctuated between 9.32% and 13.25%, indicating a stabilized ability to generate profit from the asset base. Net earnings grew steadily during this window, rising from 200.2 million USD in 2011 to a peak of 333.7 million USD in 2019. Total assets grew at a measured pace, increasing from 2.13 billion USD in 2011 to 2.81 billion USD in 2019, maintaining a balanced relationship between expansion and profitability.
- Exponential Growth and Normalization (2020–2024)
- The period starting in 2020 marked a dramatic shift in financial performance. Net earnings experienced exponential growth, surging from 356 million USD in 2020 to 1.128 billion USD in 2023. This resulted in ROA reaching historic peaks of 24.35% in 2022 and 24.19% in 2023. Although total assets expanded significantly to 5.27 billion USD by 2024, the ROA saw a corrective decline to 18.01% in the final year, reflecting a normalization of earnings after the extraordinary gains observed between 2021 and 2023.
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Comparison to Competitors
Williams-Sonoma Inc., ROA, long-term trends, comparison to competitors
| Williams-Sonoma Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Jan 28, 2024 | 18.01% | 9.48% | 19.79% | 18.49% | 15.04% |
| Jan 29, 2023 | 24.19% | 5.76% | 22.38% | 14.73% | 12.34% |
| Jan 30, 2022 | 24.35% | -0.59% | 22.86% | 18.91% | 11.53% |
| Jan 31, 2021 | 14.60% | 7.93% | 18.23% | 12.49% | 0.29% |
| Feb 2, 2020 | 8.78% | 6.64% | 21.94% | 10.85% | 13.55% |
| Feb 3, 2019 | 11.86% | 5.14% | 25.27% | 6.71% | 21.36% |
| Jan 28, 2018 | 9.32% | 6.19% | 19.38% | 9.77% | 18.55% |
| Jan 29, 2017 | 12.33% | 2.31% | 18.52% | 8.99% | 17.84% |
| Jan 31, 2016 | 12.83% | 2.84% | 16.47% | 8.14% | 19.81% |
| Feb 1, 2015 | 13.25% | 0.91% | 15.88% | 8.48% | 19.91% |
| Feb 2, 2014 | 11.94% | -0.44% | 13.29% | 6.98% | 20.95% |
| Feb 3, 2013 | 11.74% | 0.68% | 11.04% | 6.00% | 20.05% |
| Jan 29, 2012 | 11.50% | -0.12% | 9.58% | 5.48% | 18.07% |
| Jan 30, 2011 | 9.39% | 2.50% | 8.32% | 5.96% | 16.85% |
| Jan 31, 2010 | 3.72% | 6.13% | 6.51% | 5.40% | 16.26% |
| Feb 1, 2009 | 1.55% | 6.53% | 5.49% | 6.72% | 14.25% |
| Feb 3, 2008 | 9.35% | 7.76% | 9.92% | 9.10% | 11.69% |
| Jan 28, 2007 | 10.20% | 7.34% | 11.02% | 11.18% | 12.13% |
| Jan 29, 2006 | 10.84% | 4.35% | 13.12% | 11.23% | 12.56% |
| Jan 30, 2005 | 10.96% | 9.71% | 12.85% | 10.26% | 13.09% |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Williams-Sonoma Inc., ROA, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Williams-Sonoma Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 28, 2024 | 18.01% | 11.20% |
| Jan 29, 2023 | 24.19% | 8.50% |
| Jan 30, 2022 | 24.35% | 4.19% |
| Jan 31, 2021 | 14.60% | 9.17% |
| Feb 2, 2020 | 8.78% | 9.20% |
| Feb 3, 2019 | 11.86% | 8.83% |
| Jan 28, 2018 | 9.32% | 9.65% |
| Jan 29, 2017 | 12.33% | 7.39% |
| Jan 31, 2016 | 12.83% | 8.42% |
| Feb 1, 2015 | 13.25% | 7.99% |
| Feb 2, 2014 | 11.94% | 6.94% |
| Feb 3, 2013 | 11.74% | 7.03% |
| Jan 29, 2012 | 11.50% | 6.25% |
| Jan 30, 2011 | 9.39% | 6.84% |
| Jan 31, 2010 | 3.72% | 6.80% |
| Feb 1, 2009 | 1.55% | 6.65% |
| Feb 3, 2008 | 9.35% | 9.57% |
| Jan 28, 2007 | 10.20% | 10.89% |
| Jan 29, 2006 | 10.84% | 12.01% |
| Jan 30, 2005 | 10.96% | 11.90% |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Consumer Discretionary)
Williams-Sonoma Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| Williams-Sonoma Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 28, 2024 | 18.01% | 8.12% |
| Jan 29, 2023 | 24.19% | 7.57% |
| Jan 30, 2022 | 24.35% | 4.81% |
| Jan 31, 2021 | 14.60% | 7.99% |
| Feb 2, 2020 | 8.78% | 4.36% |
| Feb 3, 2019 | 11.86% | 5.57% |
| Jan 28, 2018 | 9.32% | 5.96% |
| Jan 29, 2017 | 12.33% | 4.05% |
| Jan 31, 2016 | 12.83% | 5.57% |
| Feb 1, 2015 | 13.25% | 6.25% |
| Feb 2, 2014 | 11.94% | 4.75% |
| Feb 3, 2013 | 11.74% | 5.52% |
| Jan 29, 2012 | 11.50% | 5.65% |
| Jan 30, 2011 | 9.39% | 9.48% |
| Jan 31, 2010 | 3.72% | 6.05% |
| Feb 1, 2009 | 1.55% | 4.67% |
| Feb 3, 2008 | 9.35% | 0.21% |
| Jan 28, 2007 | 10.20% | 2.85% |
| Jan 29, 2006 | 10.84% | 0.60% |
| Jan 30, 2005 | 10.96% | 3.80% |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).