La-Z-Boy Incorporated (LZB)
Return on assets (ROA)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 122,626 | 150,664 | 150,017 | 106,461 | 77,469 |
| Total assets | US$ in thousands | 1,913,440 | 1,866,260 | 1,932,090 | 1,786,320 | 1,434,890 |
| ROA | 6.41% | 8.07% | 7.76% | 5.96% | 5.40% |
April 27, 2024 calculation
ROA = Net income ÷ Total assets
= $122,626K ÷ $1,913,440K
= 6.41%
The return on assets (ROA) of La-Z-Boy Incorporated has shown a fluctuating trend over the past five years. In the most recent fiscal year ending on April 27, 2024, the ROA stood at 6.41%, which represents a decrease from the previous year's 8.07%. Despite this decline, the company's ROA remains relatively healthy compared to historical performance. Over the five-year period, La-Z-Boy's ROA has ranged from 5.40% in 2020 to 8.07% in 2023, indicating variations in the company's ability to generate profits from its assets efficiently. Overall, while there has been some volatility in La-Z-Boy's ROA, the company has maintained a decent performance in utilizing its assets to generate returns for its stakeholders.
Peer comparison
Apr 27, 2024