National Beverage Corp (FIZZ)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 176,732 | 169,314 | 164,083 | 156,341 | 142,164 | 140,205 | 136,912 | 140,150 | 158,512 | 163,299 | 168,918 | 176,798 | 174,146 | 171,228 | 161,104 | 146,594 | 129,972 | 119,894 | 118,142 | 126,565 |
| 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 |
| ROA | 22.95% | 23.52% | 24.38% | 24.41% | 24.75% | 26.63% | 27.38% | 30.77% | 33.88% | 38.13% | 26.58% | 28.86% | 31.25% | 34.42% | 21.45% | 20.60% | 20.04% | 20.34% | 20.84% | 23.00% |
April 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $176,732K ÷ $770,153K
= 22.95%
National Beverage Corp's return on assets (ROA) has shown a positive trend over the past years, reflecting the company's ability to generate earnings relative to its total assets. The ROA increased steadily from around 20% in mid-2019 to over 30% in mid-2022, indicating improved efficiency in asset utilization and profitability.
However, there was a slight decline in ROA in the most recent period, dropping to 22.95% in April 2024 from a peak of 38.13% in January 2022. This decrease may suggest challenges or changes in the company's operations impacting its ability to generate returns on its assets effectively.
Overall, the historically high ROA levels demonstrate National Beverage Corp's strong performance in utilizing its assets to generate profits, but the recent decline warrants further investigation into the factors influencing the company's profitability.
Peer comparison
Apr 27, 2024