La-Z-Boy Incorporated (LZB)
Return on total capital
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 150,796 | 211,439 | 206,756 | 136,736 | 118,762 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,003,060 | 941,836 | 810,725 | 773,498 | 700,753 |
| Return on total capital | 15.03% | 22.45% | 25.50% | 17.68% | 16.95% |
April 27, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $150,796K ÷ ($—K + $1,003,060K)
= 15.03%
The return on total capital for La-Z-Boy Incorporated has shown some fluctuations over the past five years. In the most recent fiscal year, as of April 27, 2024, the return on total capital was 15.03%, representing a decrease compared to the previous year's figure of 22.45% as of April 29, 2023. The highest return on total capital was recorded in the fiscal year ending April 30, 2022, at 25.50%, indicating strong performance in utilizing total capital during that period.
Overall, the trend in return on total capital for La-Z-Boy shows variability, with generally favorable performance levels across the years, though there was a slight decrease in the most recent year compared to the peak in 2022. It is essential for the company to assess the factors influencing these fluctuations to ensure efficient capital utilization and sustained profitability in the future.
Peer comparison
Apr 27, 2024