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