Lancaster Colony Corporation (LANC)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 199,363 | 169,150 | 163,412 | 148,985 | 141,508 | 163,744 | 126,719 | 120,698 | 111,911 | 119,118 | 164,123 | 177,415 | 185,852 | 185,110 | 177,712 | 173,192 | 175,948 | 179,093 | 186,431 | 193,508 |
| Total assets | US$ in thousands | 1,206,930 | 1,172,010 | 1,148,920 | 1,130,300 | 1,112,990 | 1,157,760 | 1,137,170 | 1,131,230 | 1,090,370 | 1,103,620 | 1,120,200 | 1,115,140 | 1,101,280 | 1,068,350 | 1,054,310 | 1,024,370 | 993,353 | 993,052 | 983,703 | 962,341 |
| Operating ROA | 16.52% | 14.43% | 14.22% | 13.18% | 12.71% | 14.14% | 11.14% | 10.67% | 10.26% | 10.79% | 14.65% | 15.91% | 16.88% | 17.33% | 16.86% | 16.91% | 17.71% | 18.03% | 18.95% | 20.11% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $199,363K ÷ $1,206,930K
= 16.52%
The operating return on assets (ROA) for Lancaster Colony Corporation has displayed varying trends over the historical periods provided. The operating ROA has generally been above 10%, indicating that the company has been effective in generating operating income relative to its total assets.
There was a noticeable increase in operating ROA from Dec 2021 to Mar 2022, reaching 14.65%, followed by a further increase to 15.91% by Sep 2022. However, there was a slight decline in the operating ROA in the subsequent periods, with the lowest point observed in Dec 2023 at 11.14%.
The operating ROA rebounded in the most recent period, reaching 16.52% in Jun 2024, showing an improving trend in efficiency in generating operating income from its assets.
Overall, fluctuations in operating ROA can be influenced by various factors such as changes in operating income, asset utilization, and overall business performance. It is important for Lancaster Colony Corporation to continue monitoring and optimizing its operating ROA to ensure efficient utilization of its assets for sustainable profitability.
Peer comparison
Jun 30, 2024