National Beverage Corp (FIZZ)
Return on assets (ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 176,732 | 176,732 | 142,164 | 142,164 | 158,512 |
| Total assets | US$ in thousands | 770,153 | 770,153 | 574,342 | 574,342 | 467,804 |
| ROA | 22.95% | 22.95% | 24.75% | 24.75% | 33.88% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $176,732K ÷ $770,153K
= 22.95%
The return on assets (ROA) of National Beverage Corp has shown a gradual decline over the recent years. As of April 30, 2022, the ROA stood at 33.88%, indicating the company generated $0.3388 in profit for every dollar of assets. However, by April 30, 2024, the ROA had decreased to 22.95%, suggesting a decrease in the company's ability to generate profit from its assets efficiently. This downward trend in ROA could be indicative of challenges in maintaining profitability relative to the size of the company's asset base. Further analysis of the company's financial performance and asset management strategies may be warranted to address this decline in return on assets.
Peer comparison
Apr 30, 2024