La-Z-Boy Incorporated (LZB)
Operating return on assets (Operating ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 150,796 | 211,439 | 206,756 | 136,736 | 118,762 |
| Total assets | US$ in thousands | 1,913,440 | 1,866,260 | 1,932,090 | 1,786,320 | 1,434,890 |
| Operating ROA | 7.88% | 11.33% | 10.70% | 7.65% | 8.28% |
April 27, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $150,796K ÷ $1,913,440K
= 7.88%
Over the past five years, La-Z-Boy Incorporated's operating return on assets (operating ROA) has demonstrated some fluctuation. The operating ROA was highest in the fiscal year ending April 29, 2023, at 11.33%, indicating that the company generated $0.1133 in operating income for every dollar of assets owned during that period. This was followed closely by the fiscal year ending April 30, 2022, with an operating ROA of 10.70%.
However, in the most recent fiscal year ending April 27, 2024, La-Z-Boy's operating ROA decreased to 7.88%, its lowest level among the five years analyzed. This decline suggests that the company may not have been as efficient in generating operating income from its assets in the latest period.
It is noteworthy that while there have been fluctuations, La-Z-Boy's operating ROA has generally remained above 7% over the five-year period, indicating a consistent ability to generate operating income relative to its asset base. Further analysis and investigation into the factors influencing the performance of the company in each fiscal year would be necessary to provide a more detailed understanding of the trends observed.
Peer comparison
Apr 27, 2024