Lancaster Colony Corporation (LANC)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 158,613 | 111,286 | 89,586 | 142,332 | 136,983 |
| Total assets | US$ in thousands | 1,206,930 | 1,112,990 | 1,090,370 | 1,101,280 | 993,353 |
| ROA | 13.14% | 10.00% | 8.22% | 12.92% | 13.79% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $158,613K ÷ $1,206,930K
= 13.14%
Lancaster Colony Corporation's return on assets (ROA) has shown varying performance over the past five years. In the most recent period ending on June 30, 2024, the ROA was 13.14%, indicating that the company generated approximately 13.14 cents in profit for every dollar of assets it owns. This represents an improvement compared to the previous year (10.00%), suggesting more efficient asset utilization.
In earlier years, the ROA figures were 8.22% in 2022, 12.92% in 2021, and 13.79% in 2020. The fluctuation in ROA over these years reflects changes in the company's ability to generate profits relative to its asset base.
Overall, Lancaster Colony Corporation has demonstrated solid performance in terms of ROA, with the latest figure showing strength and improvement. However, it is essential to continue monitoring ROA over time to assess the company's ongoing efficiency in generating profits from its assets.
Peer comparison
Jun 30, 2024