La-Z-Boy Incorporated (LZB)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 156,418 | 157,607 | 172,536 | 166,325 | 166,516 | 148,831 | 132,346 | 134,311 | 136,276 | 156,737 | 177,198 | 185,512 | 193,826 | 201,636 | 209,446 | 219,249 | 229,052 | 245,954 | 224,204 | 211,048 |
| Total assets | US$ in thousands | 1,922,160 | 1,958,880 | 1,928,200 | 1,917,620 | 1,913,440 | 1,913,440 | 1,918,290 | 1,918,290 | 1,880,020 | 1,880,020 | 1,847,580 | 1,847,580 | 1,866,260 | 1,866,260 | 1,846,360 | 1,846,360 | 1,857,540 | 1,857,540 | 1,918,980 | 1,918,980 |
| Operating ROA | 8.14% | 8.05% | 8.95% | 8.67% | 8.70% | 7.78% | 6.90% | 7.00% | 7.25% | 8.34% | 9.59% | 10.04% | 10.39% | 10.80% | 11.34% | 11.87% | 12.33% | 13.24% | 11.68% | 11.00% |
April 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $156,418K ÷ $1,922,160K
= 8.14%
The operating return on assets (ROA) for La-Z-Boy Incorporated has exhibited notable fluctuations over the analyzed period. Starting at a high of 13.24% in October 2022, the figure declined appreciably over subsequent periods, reaching a low of approximately 6.90% in January 2024. Following this nadir, there was a modest recovery, with the ROA ascending to around 8.95% by October 2024. In early 2025, the operating ROA stabilized around the 8% to 8.2% range, maintaining a relatively steady level through April 2025.
This trend indicates a downward trajectory in the company's efficiency in generating operating income relative to its total assets over the observed timeframe, with some signs of partial recovery at the later stages. The pattern may reflect changing operational efficiencies, shifts in asset utilization, or external market conditions affecting profitability. Overall, the declining trend from the peak in late 2022 through early 2024 suggests a period of reduced operating performance in terms of asset productivity, with subsequent stabilization in the ensuing months.
Peer comparison
Apr 30, 2025