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Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis. We've also continued to produce positive results for our asset management business.
With lower capex and higher free cash flow, we returned nearly $4 billion to stockholders. And we meaningfully improved our return on invested capital. Our Tricolor strategy will improve the efficiency and asset utilization of the entire FedEx system. a year early. Our team focused on what we could control.
With these last couple of acquisitions, it's starting to speak that same language about cost and opportunity and return on investment. In other words, you get some return on it that's a financial return, but it doesn't add value. We've heard Jensen Huang making this very argument. But it's still like early Wild West here.
And we'll continue to drive awareness of our industry-leading drive-up service and highlight the recent addition of new guest-focused options, including drive-up returns and the ability to have a Starbucks beverage delivered with your order. And we're proud of the way we have built and strengthened Target's assets over the last decade.
This means owning and investing in assets in the most attractive geographies where secular demand trends signal the potential for long-term sustained growth. Next, and as we've highlighted on past calls, we're working today to further reinforce our balance sheet as a strategic asset. With our U.S.
Impairment of goodwill and other assets was $4.5 million, down 4% year over year, and was primarily related to the impairment of operating lease right-of-use assets in connection with our restructuring plan. million decrease in impairment of goodwill and other assets, offset by an $8.9 The company has paid approximately $16.1
See the 10 stocks *Stock Advisor returns as of February 26, 2024 But it's also because we look at longer horizons when evaluating growth potential for investments like new stores, supply chain, and other assets. And it's good to ask what else would need to be true for those investments to succeed.
We're also making investments in technology to make it easier for our team members to serve our guests. So now I want to end my commentary on the quarter by covering our after-tax return on invested capital, which is an important measure of the quality of both our financial results and our capital investments.
In the first quarter, our stores fulfilled nearly 98% of our total sales as we relied on our store assets, inventory, and team to support every one of the fulfillment services we provide. Now, I'll close my commentary on the quarter by covering our after-tax return on invested capital. a year ago.
NFP also delivered strong growth, driven by asset inflows and market performance. We're on track to fully deliver in line with guidance on all aspects of the combination through efficiencies, cost synergies, and free cash flow impact leveraging operational bestpractices from Aon business services.
Advertisers and vendors consistently cite ease which they're able to deliver, creative campaigns that provide a strong return on investment. With all these assets supporting our differentiated strategy, Target has a compelling growth opportunity in the years ahead, and I'm looking forward to sharing our progress with you over time.
So we'll be delivering best-in-class derivatives trading as part of our global offering. We're going to be accelerating asset addition as clarity emerges there. Underpinning this, in the quarter, we saw average crypto market cap increased 33% and crypto asset volatility increased 27%. And one of those big categories is payments.
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