National Beverage Corp (FIZZ)
Operating return on assets (Operating ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 218,510 | 186,684 | 207,856 | 227,825 | 165,746 |
| Total assets | US$ in thousands | 770,153 | 574,342 | 467,804 | 557,237 | 648,646 |
| Operating ROA | 28.37% | 32.50% | 44.43% | 40.88% | 25.55% |
April 27, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $218,510K ÷ $770,153K
= 28.37%
National Beverage Corp's operating return on assets (operating ROA) has shown varying trends over the past five years. The operating ROA was at its highest in the fiscal year ending April 30, 2022, at 44.43%, indicating that the company generated significant operating income relative to its assets.
However, there has been a decline in the operating ROA in the subsequent years, with the latest recorded figure for April 27, 2024, at 28.37%. This decrease suggests that the company's operating income generated per dollar of assets has decreased over time.
It is important for stakeholders to carefully assess the factors contributing to this decline in operating ROA, as it may indicate changes in the company's operational efficiency, profitability, or asset utilization. Further analysis of National Beverage Corp's financial performance and operational strategies is warranted to determine the underlying reasons for the fluctuating operating ROA figures.
Peer comparison
Apr 27, 2024