National Beverage Corp (FIZZ)
Profitability ratios
Return on sales
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | |
|---|---|---|---|---|---|
| Gross profit margin | 35.95% | 35.95% | 33.83% | 33.83% | 36.71% |
| Operating profit margin | 18.34% | 18.34% | 15.92% | 15.92% | 18.26% |
| Pretax margin | 19.29% | 19.29% | 15.90% | 15.90% | 18.24% |
| Net profit margin | 14.83% | 14.83% | 12.12% | 12.12% | 13.93% |
National Beverage Corp has shown relatively stable gross profit margins over the past few years, ranging from 33.83% to 36.71%. This indicates that the company has been able to maintain a consistent level of profitability after accounting for the cost of goods sold.
Similarly, the operating profit margins have also been fairly consistent, staying within the range of 15.92% to 18.34%. This suggests that National Beverage Corp has been effectively managing its operating expenses to generate profit from its core business operations.
The pretax margins have shown a slight increase over time, from 15.90% to 19.29%. This indicates that the company has been able to improve its profitability before accounting for taxes, potentially through increasing revenues or controlling costs.
The net profit margins have also shown a modest increase, from 12.12% to 14.83%. This demonstrates that National Beverage Corp has been able to translate its revenues into higher net income, indicating improved efficiency and profitability at the bottom line.
Overall, National Beverage Corp has demonstrated stable profitability ratios with slight improvements over the years, which is a positive indication of the company's financial health and efficiency in generating profits.
Return on investment
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 28.37% | 28.37% | 32.50% | 32.50% | 44.43% |
| Return on assets (ROA) | 22.95% | 22.95% | 24.75% | 24.75% | 33.88% |
| Return on total capital | 39.05% | 39.05% | 50.12% | 50.12% | 73.53% |
| Return on equity (ROE) | 31.59% | 31.59% | 38.17% | 38.17% | 66.20% |
Based on the provided data on National Beverage Corp's profitability ratios, we can observe the following trends:
1. Operating Return on Assets (Operating ROA) shows a gradual decline from 44.43% on April 30, 2022, to 28.37% on April 30, 2024. This indicates that the company's ability to generate operating income from its assets has decreased over time.
2. Return on Assets (ROA) also exhibits a similar decreasing trend, falling from 33.88% on April 30, 2022, to 22.95% on April 30, 2024. This ratio signifies the overall profitability of the company in relation to its total assets, indicating a diminishing profitability over the years.
3. Return on Total Capital demonstrates a significant decrease from 73.53% on April 30, 2022, to 39.05% on April 30, 2024. This ratio reflects the company's efficiency in generating returns for both shareholders and debt holders, showing a notable decline in profitability.
4. Return on Equity (ROE) follows a similar downward trajectory, declining from 66.20% on April 30, 2022, to 31.59% on April 30, 2024. ROE indicates the return generated for the shareholders based on their equity investment, suggesting a decreasing trend in shareholder value creation.
In conclusion, the profitability ratios of National Beverage Corp have shown a consistent deterioration over the period analyzed. It is essential for the company to assess its operational efficiency, asset utilization, and capital structure to reverse this downward trend and enhance overall profitability.