La-Z-Boy Incorporated (LZB)
Return on equity (ROE)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 99,556 | 123,933 | 134,812 | 133,415 | 135,896 | 123,787 | 111,678 | 110,517 | 109,356 | 116,530 | 123,704 | 127,951 | 132,198 | 143,902 | 155,606 | 162,368 | 169,130 | 180,521 | 162,911 | 152,890 |
| Total stockholders’ equity | US$ in thousands | 1,020,620 | 1,021,270 | 1,009,920 | 999,209 | 1,003,060 | 1,003,060 | 978,220 | 978,220 | 964,283 | 964,283 | 953,262 | 953,262 | 941,836 | 941,836 | 906,098 | 906,098 | 874,658 | 874,658 | 835,262 | 835,262 |
| ROE | 9.75% | 12.14% | 13.35% | 13.35% | 13.55% | 12.34% | 11.42% | 11.30% | 11.34% | 12.08% | 12.98% | 13.42% | 14.04% | 15.28% | 17.17% | 17.92% | 19.34% | 20.64% | 19.50% | 18.30% |
April 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $99,556K ÷ $1,020,620K
= 9.75%
The analysis of La-Z-Boy Incorporated's return on equity (ROE) over the specified period demonstrates a trend of overall decline with some fluctuations. Starting from a high of approximately 19.50% at the end of July 2022, the ROE experienced a gradual decrease, reaching a low point around 9.75% in April 2025.
Initially, the ROE hovered above 18%, indicating robust profitability relative to shareholders' equity during this period. However, from mid-2022 onwards, a consistent downward trajectory became evident, with intermediate recoveries seen in certain quarters, such as April 2024, where the ROE increased to approximately 13.55%. Nonetheless, the overall trend suggests a weakening in the company's ability to generate profit relative to shareholders' equity over time.
This decline could be attributable to various factors, including rising costs, changing market conditions, or alterations in the company's leverage or profitability margins. The stabilization around 13% in late 2024 implies a potential leveling off, though the subsequent decrease to below 10% in April 2025 indicates ongoing pressure on profitability.
In summary, La-Z-Boy Incorporated's ROE has exhibited a downward trend over the analyzed period, signifying a reduction in shareholders' return relative to equity. The pattern reflects evolving operational or financial dynamics that warrant further investigation to understand underlying causes and implications for future shareholder value.
Peer comparison
Apr 30, 2025