La-Z-Boy Incorporated (LZB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,003,060 | 978,220 | 964,283 | 953,262 | 941,836 | 906,098 | 874,658 | 835,262 | 810,725 | 775,387 | 777,302 | 755,531 | 773,498 | 779,426 | 746,776 | 707,574 | 700,753 | 713,897 | 695,199 | 683,265 |
| ROE | 12.23% | 12.03% | 12.53% | 14.65% | 16.00% | 19.18% | 19.49% | 19.63% | 18.50% | 16.77% | 16.83% | 16.71% | 13.76% | 9.14% | 10.25% | 9.07% | 11.06% | 10.74% | 10.20% | 10.00% |
April 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $122,626K ÷ $1,003,060K
= 12.23%
La-Z-Boy Incorporated's Return on Equity (ROE) has fluctuated over the past two years, ranging from a low of 9.07% to a high of 19.63%. ROE measures how efficiently the company is utilizing its equity to generate profits. The upward trend in ROE from July 2021 to April 2023 indicates an improvement in profitability and efficiency. However, there was a decline in ROE from April 2023 to January 2024, followed by a slight increase in the most recent data from January 2024 to April 2024.
Overall, La-Z-Boy's ROE has shown some volatility, which may be reflective of changes in the company's financial performance and management of its assets and liabilities. Investors and stakeholders should continue to monitor ROE in conjunction with other financial metrics to assess the company's financial health and performance over time.
Peer comparison
Apr 27, 2024