National Beverage Corp (FIZZ)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 443,999 | 400,236 | 360,144 | 306,596 | 559,512 | 559,512 | 510,221 | 510,221 | 467,170 | 467,170 | 422,075 | 422,075 | 372,487 | 372,487 | 339,504 | 339,504 | 295,115 | 295,115 | 264,106 | 264,106 |
| 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% |
April 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $186,821K ÷ $443,999K
= 42.08%
The analysis of National Beverage Corp's return on equity (ROE) over the period from July 2022 to April 2025 reveals notable fluctuations and a general declining trend followed by a significant resurgence. Initially, the ROE was relatively high, registering at approximately 49.95% in late July 2022 and peaking slightly higher at 51.62% at the end of that month. Throughout the latter half of 2022, there was a gradual decrease, with ROE values declining to 47.88% and 48.46%, respectively, in October 2022.
Entering 2023, the ROE continued to decline steadily, reaching around 41.80% in late January and approximately 41.48% by the end of January 2023. The downward momentum persisted into April 2023, with ROE falling to roughly 37.87% in late April, maintaining a similar level through the end of that quarter. This decline indicates a diminishing profitability relative to shareholders’ equity during this period.
The trend persisted through mid-2023, with ROE figures decreasing further to approximately 37.10% in July and rising temporarily to 40.72% at the end of July, then slightly declining again to just under 39% by October 2023. This period of relatively stable but lower ROE suggests some stabilization after the prior decline.
In late 2023 and early 2024, the ROE continued its downward trajectory, hitting around 34.65% in late January 2024 and approximately 32.68% at the end of the first quarter of 2024. Mid-2024 figures demonstrate a continued decline, with ROE touching approximately 29.79% in late April, indicating a period of subdued return on shareholders’ equity.
A notable change occurs toward the latter part of 2024, where a sharp increase is observed: the ROE jumps to approximately 59.95% in July and remains elevated at 52.72% in October. This surge signifies a substantial improvement in profitability or leverage that enhanced the company's return on equity beyond previous levels. Subsequently, the ROE begins to decline again, with figures around 46.42% in January 2025 and continuing downward to approximately 42.08% in April 2025.
Overall, the historical trend shows periods of high returns interspersed with declines, with the most significant recovery evident in late 2024. These fluctuations could reflect variations in net income, equity base, or leverage effects, and suggest that the company experienced phases of both challenges and strong performance during this timeframe.
Peer comparison
Apr 30, 2025