La-Z-Boy Incorporated (LZB)
Operating return on assets (Operating ROA)
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 150,796 | 154,772 | 165,051 | 193,322 | 211,439 | 236,151 | 232,798 | 225,028 | 206,756 | 178,029 | 172,956 | 166,782 | 136,736 | 100,104 | 118,003 | 99,665 | 118,762 | 142,507 | 131,037 | 129,936 |
| Total assets | US$ in thousands | 1,913,440 | 1,918,290 | 1,880,020 | 1,847,580 | 1,866,260 | 1,846,360 | 1,857,540 | 1,918,980 | 1,932,090 | 1,929,560 | 1,852,090 | 1,809,510 | 1,786,320 | 1,740,170 | 1,650,340 | 1,503,750 | 1,434,890 | 1,442,630 | 1,392,330 | 1,362,150 |
| Operating ROA | 7.88% | 8.07% | 8.78% | 10.46% | 11.33% | 12.79% | 12.53% | 11.73% | 10.70% | 9.23% | 9.34% | 9.22% | 7.65% | 5.75% | 7.15% | 6.63% | 8.28% | 9.88% | 9.41% | 9.54% |
April 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $150,796K ÷ $1,913,440K
= 7.88%
The operating return on assets (operating ROA) for La-Z-Boy Incorporated has fluctuated over the past few quarters. The trend indicates a gradual decrease in operating ROA from 12.79% in January 2023 to 7.88% in April 2024.
During this period, the operating ROA peaked at 12.79% in January 2023 before steadily declining. The lowest point observed was 5.75% in January 2021, followed by a slight recovery and subsequent fluctuations.
Overall, the operating ROA of La-Z-Boy Incorporated has shown variability in performance, potentially reflecting changes in the company's operational efficiency in utilizing its assets to generate operating profits. Further analysis of the underlying factors driving these fluctuations would provide insights into the company's operational effectiveness and profitability.
Peer comparison
Apr 27, 2024