National Beverage Corp (FIZZ)
Profitability ratios
Return on sales
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | |
|---|---|---|---|---|---|
| Gross profit margin | 36.95% | 35.95% | 35.95% | 33.83% | 33.83% |
| Operating profit margin | 19.60% | 18.34% | 18.34% | 15.92% | 15.92% |
| Pretax margin | 20.36% | 19.29% | 19.29% | 15.90% | 15.90% |
| Net profit margin | 15.55% | 14.83% | 14.83% | 12.12% | 12.12% |
The profitability ratios of National Beverage Corp indicate a trend of steady improvement over the specified periods. The gross profit margin has increased from 33.83% as of April 29-30, 2023, to 35.95% as of April 27-30, 2024, and further to 36.95% by April 30, 2025. This suggests the company has enhanced its ability to generate gross profit from sales, potentially through better cost management or favorable product mix.
Similarly, the operating profit margin has demonstrated consistent growth, rising from 15.92% in April 2023 to 18.34% in April 2024 and reaching 19.60% in April 2025. This indicates improved operational efficiency and cost control relative to sales, contributing positively to overall profitability.
The pretax margin also exhibits an upward trajectory, climbing from 15.90% in April 2023 to 19.29% in April 2024 and further to 20.36% by April 2025. The increase reflects enhancements in earnings before tax, likely driven by both higher operating margins and additional control over non-operating expenses or income.
Finally, the net profit margin shows a progressive rise from 12.12% in April 2023 to 14.83% in April 2024, and up to 15.55% in April 2025. This improvement indicates that the company’s bottom-line profitability has strengthened over the period, attributable to efficient management of expenses and increased revenues leading to higher net income as a percentage of sales.
Overall, National Beverage Corp has displayed consistent improvement across all key profitability ratios over the analyzed periods, reflecting a positive trend in its ability to generate profit at various stages of its income statement.
Return on investment
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 34.99% | 28.37% | 28.37% | 32.50% | 32.50% |
| Return on assets (ROA) | 27.77% | 22.95% | 22.95% | 24.75% | 24.75% |
| Return on total capital | 0.00% | 39.05% | 39.05% | 50.12% | 50.12% |
| Return on equity (ROE) | 42.08% | 31.59% | 31.59% | 38.17% | 38.17% |
The profitability ratios of National Beverage Corp exhibit notable fluctuations across the observed periods. The Operating Return on Assets (Operating ROA) remained steady at 32.50% on April 29 and 30, 2023, before experiencing a decline to 28.37% by April 27 and 30, 2024. Subsequently, it shows an increase to 34.99% on April 30, 2025, indicating an improvement in operational efficiency in generating income from assets.
The Return on Assets (ROA), which accounts for overall net income relative to total assets, was stable at 24.75% on April 29 and 30, 2023. It decreased to 22.95% on April 27 and 30, 2024, before climbing back to 27.77% by April 30, 2025. This pattern suggests a decline in overall asset profitability during the 2024 period, followed by a recovery in the subsequent year.
Return on Total Capital demonstrates a decline from 50.12% in 2023 to 39.05% in 2024, with a significant drop to 0.00% by April 30, 2025. This sharp decline indicates a substantial reduction in the returns generated from the company's total capital base, possibly reflecting changes in capital structure or profitability issues.
Return on Equity (ROE) initially stands at 38.17% in 2023, decreasing to 31.59% in 2024, which may suggest reduced profitability attributable to shareholders. However, it rises again to 42.08% by April 30, 2025, indicating a recovery in shareholder return performance.
Overall, National Beverage Corp demonstrates variability in its profitability ratios, with periods of decline in 2024 followed by signs of recovery in 2025, especially in ROA and ROE, though the Return on Total Capital indicates a concerning downward trend towards negligible returns.