La-Z-Boy Incorporated (LZB)
Operating return on assets (Operating ROA)
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 212,518 |
| Total assets | US$ in thousands | 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 | 1,932,090 |
| Operating ROA | 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% | 11.00% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $157,607K ÷ $1,958,880K
= 8.05%
La-Z-Boy Incorporated's operating return on assets (operating ROA) has shown some fluctuations over the period covered in the data. The operating ROA started at 11.00% in April 2022 and maintained that level in July 2022. It then slightly increased to 11.68% in July 2022. The operating ROA reached its peak at 13.24% in October 2022 before showing a decline to 12.33% in the following month.
Thereafter, the operating ROA trended downwards, recording values of 11.87% in January 2023, 11.34% in the same month, and 10.80% in April 2023. The downward trend continued with further decreases to 10.39% in April 2023, 10.04% in July 2023, and 9.59% in the following month.
The operating ROA saw a sharper decline to 8.34% in October 2023, followed by a decrease to 7.25% in the next quarter ending in January 2024. Subsequently, the operating ROA started to improve, rising to 7.00% in January 2024, 6.90% in April 2024, and 7.78% in the same month. The upward momentum continued with values of 8.70% in April 2024 and 8.67% in July 2024.
In the last few quarters covered by the data, the operating ROA hovered around the range of 8-9%, with values of 8.95% in October 2024 and 8.05% in January 2025.
Overall, La-Z-Boy Incorporated's operating ROA exhibited fluctuations over the period, with both increases and decreases observed. It is important for stakeholders to further analyze the reasons behind these changes to assess the company's operational efficiency and asset utilization.
Peer comparison
Jan 31, 2025