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Lowes Companies Inc  (LOW)
Other Ticker:  
 
    Sector  Retail    Industry Home Improvement
   Industry Home Improvement
   Sector  Retail


Lowes Companies Inc's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Lowes Companies Inc's ROA in the fourth quarter of 2023?
Lowes Companies Inc achieved a return on average assets (ROA) of 19.4 % in its fourth quarter of 2023, this is above LOW's average return on assets of 9.34%.
Lowes Companies Incs assets during the 12 months ending in the fourth quarter of 2023 are valued at $39 billion

Despite the company's net income deteriorating, Lowes Companies Inc was able to improve its ROA compared to the third quarter of 2023.

However, within the Retail sector 4 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Feb 02 2024 quarter, so far to 163, from total ROA ranking in the third quarter of 2023 at 257.

What is ROA?


Return On Assets (Feb 02 2024)
IV. Quarter
(Nov 03 2023)
III. Quarter
(Aug 04 2023)
II. Quarter
(May 05 2023)
I. Quarter
(Feb 03 2023)
IV. Quarter
Y / Y Total Assets Change -5.32 % -10.58 % -4.29 % -7.24 % -1.06 %
Y / Y Net Income Change 6.47 % 1051.3 % -10.66 % -3.13 % -20.63 %
Net Income (TTM) in million 7,726 7,664 6,045 6,364 6,437
Return On Assets (TTM) 19.4 % 18.99 % 14.57 % 15.17 % 15.05 %
LOW's Total Ranking # 163 # 257 # 435 # 443 # 536
Total Assets (TTM) in million 37,814 38,592 40,641 42,263 39,940
Seq. Total Assets Change -2.02 % -5.04 % -3.84 % 5.82 % -7.46 %
Seq. Net Income Change -42.47 % -33.67 % 18.27 % 135.91 % 522.08 %



Return On Assets Company Ranking
Within: No.
Industry # 2
Sector # 5
Overall # 161

Return On Assets Statistics
High Average Low
17.7 %
9.34 %
5.14 %
(Jul 29 2022)   (Oct. 30, 2009)





Financial Statements
Lowes Companies Inc's Assets $ 37,814 million LOW's Balance sheet
Lowes Companies Inc's Income $ 1,020 million Quarterly LOW's Income Statement
LOW's Income by Division See LOW's Income by Division



Annual Return On Assets (Feb 02 2024)
FY 2023
(Feb 03 2023)
FY 2022
(Jan 28 2022)
FY 2021
(Jan 29 2021)
FY 2020
(Jan 31 2020)
FY 2019
Y / Y Total Assets Change 5.28 % -1.06 % -5.16 % 7.83 % 14.38 %
Total Assets in million 42,047 39,940 40,368 42,563 39,471
Y / Y Net Income Change 20.02 % -23.75 % 44.68 % 36.3 % 85 %
Net Income in million 7,726 6,437 8,442 5,835 4,281
Return On Assets 18.37 % 16.12 % 20.91 % 13.71 % 10.85 %




Comment on LOW's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 18.37 % compared to prior year, due to annual net income growth of 20.02 % to $7,726.00 million, while value of Lowes Companies Inc's overall assets grew just by 5.28 % to $42,047.00 million, compared to $42,047.00 a year before.


More Return On Assets Ratios
LOW's' Return on Assets at Yahoo Finance
Home Improvement Industry Return On Assets Trends and Statistics
Retail Sector Roa Statistics
Roa Trends for overall market
LOW's Roa Ratio versus Home Improvement Industry, Retail Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for LOW's Competitors
Roa for Lowes Companies Inc's Suppliers
Return On Assets for LOW's Customers

You may also want to know
LOW's Roi LOW's Inventory Turnover Ratio LOW's Growth Rates LOW's Dividend Comparisons
LOW's Profitability Ratios LOW's Asset Turnover Ratio LOW's Dividend Growth
LOW's Roe LOW's Valuation Ratios LOW's Financial Strength Ratios LOW's Dividend Payout Ratio



Companies with similar Return On Assets at Feb 02 2024, within Retail Sector ROA
Fastenal Co  25.37 %
W w Grainger Inc   23.68 %
Home Depot Inc   19.87 %
Copart Inc   19.36 %
Lowes Companies Inc  17.68 %
O Reilly Automotive Inc  17.49 %
Casey s General Stores Inc   17.33 %
Bath and Body Works Inc   16.52 %
Autozone Inc  16.23 %
Pool Corporation  14.53 %
Hibbett Inc   13.47 %
Rave Restaurant Group Inc   13.40 %
Murphy Usa Inc   13.12 %
Tractor Supply Co  12.21 %
Coupang Inc   12.01 %
Arhaus Inc   11.83 %
Rh  11.80 %
Dicks Sporting Goods inc   11.30 %
Academy Sports And Outdoors Inc   10.98 %
Core and Main Inc   10.57 %
Boot Barn Holdings Inc   10.45 %
The Sherwin williams Company  10.36 %
Costco Wholesale Corp  9.44 %
Best Buy Co Inc   9.18 %
Autonation Inc   9.15 %
Sysco Corporation  8.90 %
Haverty Furniture Companies Inc  8.55 %
Cdw Corp  8.51 %
Rush Enterprises Inc   8.35 %
Five Below Inc   8.33 %


Date modified: 2024-03-25T22:54:20+00:00


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