National Beverage Corp (FIZZ)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 186,821 | 185,781 | 189,859 | 183,814 | 166,626 | 166,693 | 166,760 | 176,799 | 186,838 | 179,353 | 171,868 | 156,598 | 141,328 | 141,071 | 140,814 | 141,907 | 143,000 | 141,298 | 136,320 | 131,934 |
| Total assets | US$ in thousands | 672,860 | 594,020 | 557,440 | 522,572 | 770,153 | 770,153 | 719,880 | 719,880 | 672,886 | 672,886 | 640,407 | 640,407 | 574,342 | 574,342 | 526,394 | 526,394 | 500,122 | 500,122 | 455,545 | 455,545 |
| 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% |
April 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $186,821K ÷ $672,860K
= 27.77%
The analysis of National Beverage Corp's return on assets (ROA) demonstrates notable fluctuations over the specified period. Starting from a high of approximately 29.92% at the end of July 2022, the ROA exhibited a gradual decline, reaching a low of about 21.64% in April 2024. Throughout this period, the ROA experienced intermittent increases—for example, rising to approximately 26.84% in July 2023 and further climbing to 27.77% by October 2023—before experiencing additional decline.
Significant variability is observed, with the ratio decreasing from its peak of nearly 29.92% in late July 2022 to a low of approximately 21.64% in April 2024. However, there is a pronounced upward trend commencing from April 2024, with the ROA surging to 35.17% in July 2024, marking a substantial recovery and indicating improved asset efficiency and profitability relative to the period's prior lows.
Following this peak, the ROA slightly declined yet remained relatively elevated compared to earlier levels, with figures such as 34.06% in October 2024 and 31.28% in January 2025. A subsequent decrease to approximately 27.77% in April 2025 is observed, though the ratios continued to reflect substantial profitability levels.
Overall, the ROA trend reveals periods of decline interspersed with sharp recoveries, especially in mid-2024, suggesting fluctuations in the company's ability to generate earnings from its assets. The recent upward movement indicates a period of improved operational efficiency or profitability, positioning the company more favorably from an asset utilization perspective.
Peer comparison
Apr 30, 2025