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