La-Z-Boy Incorporated (LZB)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 150,796 | 150,796 | 211,439 | 211,439 | 206,756 |
| Total assets | US$ in thousands | 1,913,440 | 1,913,440 | 1,866,260 | 1,866,260 | 1,932,090 |
| Operating ROA | 7.88% | 7.88% | 11.33% | 11.33% | 10.70% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $150,796K ÷ $1,913,440K
= 7.88%
La-Z-Boy Incorporated's operating return on assets (ROA) has displayed some fluctuations over the past few years based on the provided data.
In April 2022, the operating ROA was at 10.70%, showing a decent performance. This figure increased slightly to 11.33% by April 2023, indicating an improvement in the company's ability to generate operating profits from its assets.
However, in April 2024, there was a notable decline in the operating ROA to 7.88%, which was maintained at the same level in the following period. This drop suggests a decrease in the company's efficiency in utilizing its assets to generate operating income compared to the previous years.
Overall, although there have been fluctuations in La-Z-Boy's operating ROA, the company should focus on strategies to improve asset utilization efficiency to enhance its profitability in the future.
Peer comparison
Apr 30, 2024