La-Z-Boy Incorporated (LZB)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 123,933 | 134,812 | 133,415 | 135,896 | 123,787 | 111,678 | 110,517 | 109,356 | 116,530 | 123,704 | 127,951 | 132,198 | 143,902 | 155,606 | 162,368 | 169,130 | 180,521 | 162,911 | 152,890 | 153,918 |
| 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 |
| 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% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $123,933K ÷ $1,958,880K
= 6.33%
La-Z-Boy Incorporated's return on assets (ROA) has fluctuated over the past few quarters. The ROA started at 7.97% in April 2022 and remained relatively stable until July 2022. Subsequently, there was a noticeable increase in ROA to 8.49% by July 31, 2022. The trend continued to improve, reaching a peak of 9.72% by October 29, 2022.
However, the ROA started to decline from the fourth quarter of 2022, dropping to 9.11% by October 31, 2022, and further decreasing to 8.79% by January 28, 2023. The downward trend persisted, with ROA decreasing to 8.43% by January 31, 2023. The decline continued into the following quarters, with ROA dropping to 7.71% by April 29, 2023, and further to 7.08% by April 30, 2023.
The trend of decreasing ROA continued throughout the following quarters, with values of 6.93% in July 29, 2023, and 6.70% by July 31, 2023. The trend hit a low point of 5.82% by October 31, 2023, but then started to recover slightly to 6.47% by April 27, 2024, and 7.10% by April 30, 2024.
Although there were fluctuations in ROA over this period, it stayed in the 5-10% range, reflecting changes in La-Z-Boy Incorporated's profitability and efficiency in generating profits from its assets. The overall trend showed some volatility, indicating fluctuations in the company's ability to effectively utilize its assets to generate returns for its shareholders.
Peer comparison
Jan 31, 2025