National Beverage Corp (FIZZ)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 36.95% | 37.11% | 37.02% | 36.82% | 36.51% | 36.32% | 36.12% | 35.77% | 35.61% | 35.56% | 35.51% | 35.53% | 35.55% | 34.92% | 34.31% | 33.25% | 32.28% | 32.50% | 33.10% | 34.35% |
| Operating profit margin | 19.60% | 19.48% | 19.19% | 18.90% | 18.01% | 18.08% | 18.16% | 18.41% | 18.81% | 18.57% | 18.32% | 17.60% | 16.80% | 16.44% | 16.08% | 15.58% | 15.12% | 15.18% | 15.17% | 15.46% |
| Pretax margin | 20.36% | 20.50% | 20.45% | 20.02% | 18.98% | 18.89% | 18.80% | 19.20% | 19.57% | 19.06% | 18.54% | 17.69% | 16.76% | 16.47% | 16.18% | 15.63% | 15.12% | 15.16% | 15.14% | 15.42% |
| Net profit margin | 15.55% | 15.68% | 15.62% | 15.39% | 14.68% | 14.65% | 14.62% | 14.80% | 14.96% | 14.52% | 14.07% | 13.43% | 12.73% | 12.56% | 12.39% | 11.97% | 11.57% | 11.58% | 11.56% | 11.78% |
The analysis of National Beverage Corp’s profitability ratios over the specified periods indicates a generally positive trend in the company's profit margins, reflecting ongoing improvements in profitability.
Gross Profit Margin: The gross profit margin demonstrates consistent growth, rising from approximately 34.35% as of July 30, 2022, to approximately 37.11% by January 31, 2025. After initial fluctuations in late 2022, the margin exhibits a steady upward trajectory, reaching the highest point within the observed period in early 2025. This trend signifies enhanced efficiency in production or sourcing, leading to higher gross profitability.
Operating Profit Margin: The operating profit margin also shows a gradual increase, moving from around 15.46% on July 30, 2022, to approximately 19.60% in April 2025. The margin registers consistent improvement, especially noticeable from early 2023 onwards, indicating effective cost management and operational efficiencies contributing to higher operating income relative to revenues.
Pretax Margin: The pretax margin follows a similar upward trend, starting at approximately 15.42% in late July 2022 and reaching approximately 20.50% by January 2025. The increasing pretax margin highlights the company's ability to improve profitability before tax considerations, possibly due to reduced costs, improved pricing strategies, or favorable product mix.
Net Profit Margin: The net profit margin demonstrates a steady enhancement, increasing from about 11.78% in July 2022 to approximately 15.68% in January 2025. The consistent rise suggests improvements across the entire profit structure — from gross profit through operating and pretax profits — culminating in higher net income relative to sales.
Overall: The trend across all profitability ratios indicates that National Beverage Corp has been successfully expanding its profit margins over the observed period. This signifies enhanced efficiency in production, cost control, and overall operational performance, contributing to increased bottom-line profitability. The sustained improvement in margins suggests a strengthening of the company's competitive position and effective management strategies aimed at profitability enhancement.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 27.77% | 31.28% | 34.06% | 35.17% | 21.64% | 21.64% | 23.16% | 24.56% | 27.77% | 26.65% | 26.84% | 24.45% | 24.61% | 24.56% | 26.75% | 26.96% | 28.59% | 28.25% | 29.92% | 28.96% |
| Return on total capital | 27.05% | 45.85% | 51.60% | 77.02% | 38.39% | 35.23% | 38.91% | 41.41% | 48.43% | 49.09% | 53.05% | 48.63% | 50.09% | 49.57% | 53.82% | 54.42% | 63.30% | 62.74% | 67.75% | 65.56% |
| Return on equity (ROE) | 42.08% | 46.42% | 52.72% | 59.95% | 29.78% | 29.79% | 32.68% | 34.65% | 39.99% | 38.39% | 40.72% | 37.10% | 37.94% | 37.87% | 41.48% | 41.80% | 48.46% | 47.88% | 51.62% | 49.95% |
The profitability analysis of National Beverage Corp as reflected through various key ratios demonstrates a dynamic but somewhat fluctuating performance over the period under review.
Operating Return on Assets (Operating ROA):
The Operating ROA exhibits a declining trend from a high of 39.28% as of July 31, 2022, to a low of approximately 26.53% by April 30, 2024. Notably, it experiences a significant rebound reaching approximately 43.18% in July 2024 before stabilizing around 41.84% in October 2024 and maintaining an upward trajectory into early 2025. These fluctuations suggest periods of operational efficiency variability, with notable peaks in mid-2024 indicating periods of stronger operational performance possibly driven by favorable sales or cost management. The rise to over 43% in mid-2024 might also reflect strategic shifts or one-time gains, with subsequent stabilization.
Return on Assets (ROA):
The ROA follows a similar but less volatile pattern, decreasing from approximately 29.92% in late 2022 to around 21.64% in April 2024, indicating declining net profitability relative to total assets during this period. Subsequently, a marked recovery is observed, reaching over 35% in July 2024, before slightly declining again to approximately 31.28% in early 2025. This trend suggests that while net profitability suffered in the middle of the period, the company recovered strongly in the latter part, potentially benefiting from improved sales margins, cost controls, or operational efficiencies.
Return on Total Capital:
This ratio reflects a similar downward trend from above 67% in mid-2022, dipping to approximately 27% by April 2024, highlighting a decrease in overall efficiency in generating returns on total capital employed. Thereafter, it exhibits a sharp spike to 77.02% in July 2024, likely influenced by extraordinary gains or strategic changes, before declining to approximately 51.60% in October 2024 and further to near 27.05% by April 2025. The pronounced fluctuation indicates periods of exceptional performance possibly driven by capital restructuring, asset disposals, or gains, followed by normalization.
Return on Equity (ROE):
ROE mirrors the trends seen in other profitability ratios, starting from approximately 50% in mid-2022, experiencing declines to below 30% in April 2024, then rebounding strongly to nearly 60% in July 2024. The subsequent decrease into early 2025 to around 42% suggests that shareholder returns have been affected by operational and capital management factors, but overall still indicate robust earnings relative to equity, especially during the peaks observed in mid-2024.
Summary:
The company's profitability ratios collectively suggest periods of operational and financial underperformance around early 2024, followed by remarkable recoveries in mid-2024, notably in July 2024, where ratios such as Operating ROA, ROA, ROCE, and ROE exhibit substantial peaks. These fluctuations might be attributed to strategic initiatives, market conditions, or extraordinary income events. Overall, while there were instances of declining profitability, recent periods indicate an improved profitability outlook, with ratios approaching or exceeding previous highs, emphasizing resilience and potential for sustained performance if positive drivers persist.