National Beverage Corp (FIZZ)
Operating return on assets (Operating ROA)
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 218,509 | 214,433 | 210,686 | 203,310 | 186,684 | 183,106 | 179,368 | 184,006 | 207,856 | 213,986 | 221,453 | 231,482 | 227,825 | 222,736 | 207,786 | 187,840 | 165,746 | 153,188 | 150,993 | 161,507 |
| Total assets | US$ in thousands | 770,153 | 719,880 | 672,886 | 640,407 | 574,342 | 526,394 | 500,122 | 455,545 | 467,804 | 428,273 | 635,428 | 612,686 | 557,237 | 497,476 | 751,043 | 711,661 | 648,646 | 589,310 | 566,815 | 550,212 |
| Operating ROA | 28.37% | 29.79% | 31.31% | 31.75% | 32.50% | 34.78% | 35.86% | 40.39% | 44.43% | 49.96% | 34.85% | 37.78% | 40.88% | 44.77% | 27.67% | 26.39% | 25.55% | 25.99% | 26.64% | 29.35% |
April 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $218,509K ÷ $770,153K
= 28.37%
The operating return on assets (operating ROA) for National Beverage Corp has shown fluctuating trends over the past 20 quarters, ranging from 25.55% to 49.96%. The highest operating ROA was recorded in the quarter ending in January 2022, at 49.96%, indicating strong operational efficiency in generating profits relative to its assets during that period.
However, the operating ROA has displayed some variability over time, with ups and downs in performance. Despite this fluctuation, the company has generally maintained a healthy operating ROA above 25% in most quarters, reflecting the company's ability to effectively utilize its assets to generate operating profits.
It is essential for National Beverage Corp to continuously monitor and analyze its operating ROA performance to ensure sustained profitability and efficient asset management. Further analysis of the underlying factors impacting this ratio, such as revenue growth, cost management, and asset utilization, can help the company make informed decisions to improve its operating ROA in the future.
Peer comparison
Apr 27, 2024