La-Z-Boy Incorporated (LZB)
Return on assets (ROA)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 122,626 | 122,626 | 150,664 | 150,664 | 150,017 |
| Total assets | US$ in thousands | 1,913,440 | 1,913,440 | 1,866,260 | 1,866,260 | 1,932,090 |
| ROA | 6.41% | 6.41% | 8.07% | 8.07% | 7.76% |
April 30, 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 fluctuations over the past few years based on the provided data. It increased from 7.76% as of April 30, 2022, to 8.07% as of April 29, 2023, and then remained constant at 8.07% for the following year ending on April 30, 2023. However, there was a noticeable decline in ROA to 6.41% for both April 27, 2024, and April 30, 2024.
Overall, the trend in ROA indicates that La-Z-Boy Incorporated's ability to generate profit from its assets improved initially but then declined in the most recent periods. This could be a point of concern as it suggests that the company may be less efficient in utilizing its assets to generate profits. Further analysis of the underlying reasons for this decline would be necessary to assess the financial performance and operational efficiency of the company in more detail.
Peer comparison
Apr 30, 2024