Lancaster Colony Corporation (LANC)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 199,363 | 141,508 | 111,911 | 185,852 | 175,948 |
| Total assets | US$ in thousands | 1,206,930 | 1,112,990 | 1,090,370 | 1,101,280 | 993,353 |
| Operating ROA | 16.52% | 12.71% | 10.26% | 16.88% | 17.71% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $199,363K ÷ $1,206,930K
= 16.52%
Lancaster Colony Corporation's operating return on assets (operating ROA) has fluctuated over the past five years, exhibiting a general upward trend from 2020 to 2021 before experiencing a slight decline in subsequent years. The operating ROA was 17.71% in 2020, which then decreased to 16.88% in 2021, followed by a further decline to 10.26% in 2022. However, there was an improvement in 2023 with the operating ROA increasing to 12.71%, and another significant increase to 16.52% in 2024.
Overall, the company's operating ROA performance indicates that management has been able to efficiently generate operating income relative to its assets, with the recent increase in 2024 suggesting a potential rebound in profitability. Further analysis and monitoring of Lancaster Colony Corporation's operating ROA in conjunction with other financial metrics would be necessary to assess the company's overall financial health and performance accurately.
Peer comparison
Jun 30, 2024