La-Z-Boy Incorporated (LZB)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 43.76% | 43.52% | 43.12% | 43.01% | 43.04% | 43.08% | 43.10% | 43.13% | 43.92% | 44.66% | 44.66% | 44.19% | 43.26% | 41.90% | 41.14% | 40.43% | 39.66% | 39.08% | 38.70% | 38.83% |
| Operating profit margin | 7.53% | 8.12% | 7.91% | 7.90% | 7.20% | 6.54% | 6.70% | 6.86% | 7.70% | 8.50% | 8.52% | 8.55% | 8.70% | 8.84% | 9.14% | 9.42% | 9.82% | 9.10% | 8.68% | 8.84% |
| Pretax margin | 8.09% | 8.65% | 8.52% | 8.50% | 7.87% | 7.25% | 7.42% | 7.57% | 7.80% | 8.03% | 7.95% | 7.90% | 8.47% | 8.99% | 9.26% | 9.50% | 9.81% | 9.01% | 8.51% | 8.71% |
| Net profit margin | 5.92% | 6.35% | 6.34% | 6.45% | 5.99% | 5.52% | 5.51% | 5.51% | 5.72% | 5.93% | 5.88% | 5.83% | 6.21% | 6.57% | 6.77% | 6.96% | 7.21% | 6.61% | 6.29% | 6.40% |
Based on the provided data, let's analyze La-Z-Boy Incorporated's profitability ratios over the specified time periods:
1. Gross Profit Margin:
- The gross profit margin has shown a generally increasing trend over the periods, starting at 38.83% as of April 30, 2022, and reaching 43.76% as of January 31, 2025. This indicates that the company has been able to increase its profitability from its core operations.
2. Operating Profit Margin:
- The operating profit margin fluctuated over the periods, with some ups and downs. It started at 8.84% on April 30, 2022, decreased to 6.54% on January 31, 2024, and then increased to 7.53% on January 31, 2025. This suggests some volatility in the company's ability to generate profits from its operations.
3. Pretax Margin:
- The pretax margin also varied over the periods, showing a similar trend to the operating profit margin. It started at 8.71% on April 30, 2022, decreased to 7.25% on January 31, 2024, and then increased to 8.09% on January 31, 2025. This indicates fluctuations in the company's profitability before taxes.
4. Net Profit Margin:
- The net profit margin follows a pattern similar to the operating and pretax margins, showing fluctuations over the periods. It started at 6.40% on April 30, 2022, decreased to 5.51% on January 27, 2024, and then increased slightly to 5.92% on January 31, 2025. This reflects the company's ability to convert revenue into profit after all expenses.
Overall, La-Z-Boy Incorporated's profitability ratios demonstrate some variability over the reporting periods. The company has shown improvements in gross profit margin, but the operating, pretax, and net profit margins have experienced fluctuations, indicating potential challenges in controlling operating expenses and other costs. Further analysis and examination of the underlying factors driving these margins would provide a more comprehensive understanding of the company's profitability performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 6.33% | 6.99% | 6.96% | 7.10% | 6.47% | 5.82% | 5.76% | 5.82% | 6.20% | 6.70% | 6.93% | 7.08% | 7.71% | 8.43% | 8.79% | 9.11% | 9.72% | 8.49% | 7.97% | 7.97% |
| Return on total capital | 16.63% | 17.94% | 17.67% | 17.24% | 15.60% | 14.31% | 14.52% | 14.94% | 16.63% | 18.97% | 19.46% | 20.58% | 21.41% | 23.12% | 24.20% | 26.19% | 28.12% | 26.69% | 25.11% | 26.19% |
| Return on equity (ROE) | 12.14% | 13.35% | 13.35% | 13.55% | 12.34% | 11.42% | 11.30% | 11.34% | 12.08% | 12.98% | 13.42% | 14.04% | 15.28% | 17.17% | 17.92% | 19.34% | 20.64% | 19.50% | 18.30% | 18.99% |
La-Z-Boy Incorporated's profitability ratios have shown a general decreasing trend over the reporting periods.
The Operating Return on Assets (Operating ROA) ranged between 11.00% and 6.90%, with a gradual decline. This indicates that the company's operating income generated per dollar of assets has decreased over time.
The Return on Assets (ROA) also exhibited a similar pattern, fluctuating between 9.72% and 5.76%. This implies that the overall profitability of the company in relation to its total assets has been diminishing.
The Return on Total Capital declined from 26.19% to 16.63%, showcasing a reduction in the ability of the company to generate returns for both debt and equity investors.
The Return on Equity (ROE) decreased from 20.64% to 12.14%, indicating a diminishing return on shareholders' equity over the periods analyzed.
Overall, the decreasing trend in these profitability ratios suggests a potential decline in La-Z-Boy Incorporated's overall efficiency and profitability, which may require further analysis to identify the underlying reasons and potential areas for improvement.