La-Z-Boy Incorporated (LZB)

Return on assets (ROA)

Apr 27, 2024 Jan 27, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 22, 2022 Oct 23, 2021 Jul 24, 2021 Apr 24, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019
Net income (ttm) US$ in thousands 122,626 117,691 120,777 139,655 150,664 173,759 170,500 163,939 150,017 130,045 130,810 126,229 106,461 71,260 76,540 64,198 77,469 76,702 70,921 68,340
Total assets US$ in thousands 1,913,440 1,918,290 1,880,020 1,847,580 1,866,260 1,846,360 1,857,540 1,918,980 1,932,090 1,929,560 1,852,090 1,809,510 1,786,320 1,740,170 1,650,340 1,503,750 1,434,890 1,442,630 1,392,330 1,362,150
ROA 6.41% 6.14% 6.42% 7.56% 8.07% 9.41% 9.18% 8.54% 7.76% 6.74% 7.06% 6.98% 5.96% 4.10% 4.64% 4.27% 5.40% 5.32% 5.09% 5.02%

April 27, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $122,626K ÷ $1,913,440K
= 6.41%

Based on the data provided, the return on assets (ROA) for La-Z-Boy Incorporated has fluctuated over the past several quarters. The ROA ranged from a low of 4.10% in January 2021 to a high of 9.41% in January 2023.

Overall, the ROA has shown a general upward trend in recent quarters, with notable increases seen in the ROA figures from April 2023 to January 2024. This indicates that the company has been able to generate higher levels of profit relative to its assets during this period.

However, it is important to note that the ROA dipped slightly in the most recent quarter to 6.41% in April 2024. This decline could be attributed to various factors such as changes in operating efficiency, profitability, or asset utilization.

In conclusion, while La-Z-Boy Incorporated has demonstrated improvements in its ROA over the past few quarters, it will be essential for the company to continue managing its assets effectively and sustain or improve the profitability levels to enhance its overall financial performance.


Peer comparison

Apr 27, 2024