National Beverage Corp (FIZZ)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 235,459 | 230,884 | 233,232 | 225,672 | 204,338 | 205,712 | 207,086 | 219,883 | 234,806 | 229,356 | 223,906 | 205,236 | 186,566 | 184,640 | 182,714 | 184,758 | 186,802 | 185,150 | 178,923 | 173,141 |
| Total assets | US$ in thousands | 672,860 | 594,020 | 557,440 | 522,572 | 770,153 | 770,153 | 719,880 | 719,880 | 672,886 | 672,886 | 640,407 | 640,407 | 574,342 | 574,342 | 526,394 | 526,394 | 500,122 | 500,122 | 455,545 | 455,545 |
| Operating ROA | 34.99% | 38.87% | 41.84% | 43.18% | 26.53% | 26.71% | 28.77% | 30.54% | 34.90% | 34.09% | 34.96% | 32.05% | 32.48% | 32.15% | 34.71% | 35.10% | 37.35% | 37.02% | 39.28% | 38.01% |
April 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $235,459K ÷ $672,860K
= 34.99%
The operating return on assets (ROA) of National Beverage Corp has exhibited notable fluctuations over the analyzed period, reflecting changes in the company's efficiency in generating operating income from its asset base. Starting from a high of approximately 38.01% as of July 30, 2022, the metric experienced a gradual decline, reaching a low of around 26.71% in April 2024. This downward trend indicates a period where the company’s operational efficiency in utilizing its assets to produce operating income diminished.
Between July 2022 and April 2024, the operating ROA saw consistent declines, with minor fluctuations, suggesting potential pressures on operational margins or challenges in asset utilization. However, a significant turnaround is observed beginning in July 2024, where the metric surged markedly to approximately 43.18%. This sharp increase is indicative of a period of improved operational efficiency and asset performance.
Subsequent data points show the ROA maintaining relatively high levels, around 41.84% in October 2024 and remaining elevated in early 2025, before gradually declining again to approximately 34.99% by April 2025. The recent oscillations highlight ongoing fluctuations in operational performance, but overall, the recent data suggests a rebounding trend after a period of decline.
Overall, the Company’s operating ROA demonstrates a cyclical pattern of decline and recovery, with recent figures indicating a potential improvement in operational efficiency. This pattern may be attributable to strategic operational adjustments, product line performance, or broader market factors influencing asset utilization and profitability.
Peer comparison
Apr 30, 2025