Lancaster Colony Corporation (LANC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 158,613 | 132,951 | 129,156 | 117,645 | 111,286 | 131,164 | 102,126 | 96,523 | 89,586 | 92,268 | 125,648 | 135,908 | 142,332 | 140,991 | 134,523 | 133,317 | 136,983 | 139,608 | 147,783 | 152,266 |
| 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 |
| ROA | 13.14% | 11.34% | 11.24% | 10.41% | 10.00% | 11.33% | 8.98% | 8.53% | 8.22% | 8.36% | 11.22% | 12.19% | 12.92% | 13.20% | 12.76% | 13.01% | 13.79% | 14.06% | 15.02% | 15.82% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $158,613K ÷ $1,206,930K
= 13.14%
Lancaster Colony Corporation's return on assets (ROA) has shown fluctuations over the past 20 quarters, ranging from 8.22% to 15.82%. The ROA trend indicates varying levels of efficiency in generating profits from its assets during this period.
The ROA peaked at 15.82% in the fourth quarter of 2019, reflecting strong profitability relative to the assets employed. However, there has been a decline in the ROA since then. The ROA decreased to 13.01% in the first quarter of 2020 before experiencing some fluctuations in the subsequent quarters.
In the most recent quarter, ending June 30, 2024, the ROA stood at 13.14%, showing a slight improvement from the previous quarter. This increase suggests that Lancaster Colony Corporation may have become more effective in utilizing its assets to generate profits.
Overall, while the company has demonstrated solid performance in terms of ROA in recent quarters, stakeholders should continue to monitor this ratio to assess the company's efficiency in utilizing its assets to drive profitability.
Peer comparison
Jun 30, 2024