National Beverage Corp (FIZZ)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 235,459 | 218,510 | 218,510 | 186,684 | 186,684 |
| Total assets | US$ in thousands | 672,860 | 770,153 | 770,153 | 574,342 | 574,342 |
| Operating ROA | 34.99% | 28.37% | 28.37% | 32.50% | 32.50% |
April 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $235,459K ÷ $672,860K
= 34.99%
The analysis of National Beverage Corp's operating return on assets (operating ROA) over the specified period indicates a generally positive trend, reflecting the company's ability to generate operating income relative to its total assets. As of April 29 and April 30, 2023, the operating ROA was recorded at 32.50%, demonstrating a strong utilization of assets to produce operating earnings during that timeframe.
However, by April 27 and April 30, 2024, the operating ROA declined to 28.37%, representing a decrease of approximately 4.13 percentage points from the previous year. This decline suggests a potential reduction in operating efficiency or a rise in asset base that has not proportionally contributed to operating income, possibly due to increased investments or operational challenges.
In contrast, by April 30, 2025, the operating ROA rebounded to 34.99%, surpassing the earlier levels observed in 2023. This recovery indicates an improvement in operational efficiency, emphasizing the company's capacity to leverage its assets more effectively to generate higher operating income. The increase in operating ROA by nearly 6.62 percentage points from the 2024 low underscores a positive trend in asset utilization and operational performance.
Overall, the fluctuating operating ROA figures suggest that while the company experienced a temporary dip in operational efficiency during 2024, it ultimately regained and exceeded its prior levels by 2025. This pattern may reflect strategic operational adjustments, improved margin management, or effective asset deployment in the recent fiscal period.
Peer comparison
Apr 30, 2025