La-Z-Boy Incorporated (LZB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,003,060 | 941,836 | 810,725 | 773,498 | 700,753 |
| ROE | 12.23% | 16.00% | 18.50% | 13.76% | 11.06% |
April 27, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $122,626K ÷ $1,003,060K
= 12.23%
The return on equity (ROE) for La-Z-Boy Incorporated has exhibited fluctuations over the past five years. In the most recent fiscal year ending on April 27, 2024, the ROE decreased to 12.23% from 16.00% in the previous year, signaling a decline in the company's profitability in relation to shareholders' equity.
Comparing the ROE for the past five years, it is evident that the company experienced a peak ROE of 18.50% in the fiscal year ending on April 30, 2022. However, in the subsequent years, the ROE declined slightly to 13.76% in 2021 before increasing to 16.00% in 2023.
The fluctuations in ROE indicate varying levels of efficiency in generating profits from shareholders' equity. It is essential for stakeholders to monitor these changes closely to assess the company's performance and ability to create value for shareholders. Further analysis and evaluation of the company's financial statements and operational activities may provide insights into the factors influencing the ROE trends observed.
Peer comparison
Apr 27, 2024