National Beverage Corp (FIZZ)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 218,510 | 218,510 | 186,684 | 186,684 | 207,856 |
| Total assets | US$ in thousands | 770,153 | 770,153 | 574,342 | 574,342 | 467,804 |
| Operating ROA | 28.37% | 28.37% | 32.50% | 32.50% | 44.43% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $218,510K ÷ $770,153K
= 28.37%
National Beverage Corp's operating return on assets (ROA) has shown a declining trend over the past few years based on the provided data. As of April 30, 2022, the operating ROA stood at a robust 44.43%, indicating that the company generated $0.4443 in operating income for every $1 of assets employed in its operations.
However, by April 29, 2023, the operating ROA decreased to 32.50%, and this figure remained stable for the following year until April 30, 2024. This downward trend suggests that National Beverage Corp may be experiencing challenges in maintaining or improving its operational efficiency and profitability in relation to its asset base.
The declining operating ROA could be influenced by various factors, such as increasing operating costs, reduced revenue generation, or inefficient asset utilization. It is essential for the company to closely analyze the underlying reasons for this trend and implement strategies to improve its operating performance and maximize returns on its assets in order to sustain long-term profitability and financial health.
Peer comparison
Apr 30, 2024