National Beverage Corp (FIZZ)
Return on assets (ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 176,732 | 142,164 | 158,512 | 174,146 | 129,972 |
| Total assets | US$ in thousands | 770,153 | 574,342 | 467,804 | 557,237 | 648,646 |
| ROA | 22.95% | 24.75% | 33.88% | 31.25% | 20.04% |
April 27, 2024 calculation
ROA = Net income ÷ Total assets
= $176,732K ÷ $770,153K
= 22.95%
National Beverage Corp's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA decreased from 20.04% in fiscal year 2020 to 22.95% in fiscal year 2024. This indicates a decline in the company's ability to generate profits from its assets during this period.
However, in fiscal year 2021, the ROA experienced a significant improvement, reaching 31.25%. This surge suggests that the company effectively managed its assets to enhance profitability during that year. Subsequently, in fiscal year 2022, the ROA further increased to 33.88%, reflecting continued efficiency in utilizing assets to generate earnings.
Despite the positive trend observed in fiscal years 2021 and 2022, the ROA declined to 24.75% in fiscal year 2023, signaling a potential decrease in asset efficiency and profitability during that period.
In conclusion, National Beverage Corp's ROA has shown fluctuations over the past five years, with varying levels of asset efficiency and profitability. It is recommended that the company closely monitor and evaluate its asset management strategies to sustainably enhance ROA in the future.
Peer comparison
Apr 27, 2024