La-Z-Boy Incorporated (LZB)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 150,796 | 154,772 | 165,051 | 193,322 | 211,439 | 236,151 | 232,798 | 225,028 | 206,756 | 178,029 | 172,956 | 166,782 | 136,736 | 100,104 | 118,003 | 99,665 | 118,762 | 142,507 | 131,037 | 129,936 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 15.03% | 15.82% | 17.12% | 20.28% | 22.45% | 26.06% | 26.62% | 26.94% | 25.50% | 22.96% | 22.25% | 22.07% | 17.68% | 12.84% | 15.80% | 14.09% | 16.95% | 19.96% | 18.85% | 19.02% |
April 27, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (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 fluctuation over the past quarters. From July 2019 to April 2024, the return varied between 12.84% and 26.94%. There was an increasing trend from October 2021 to July 2022, reaching a peak of 26.94%. Subsequently, there was a slight decrease until January 2023.
Following January 2023, the return on total capital exhibited a significant uptrend until April 2023, where it reached its highest point at 26.06%. The return slightly declined in July 2023, but then increased notably to 22.45% in October 2023. Thereafter, the return continued to rise until January 2024, where it peaked at 26.06%.
Overall, the Return on Total Capital for La-Z-Boy Incorporated has demonstrated fluctuation over the quarters, with periods of growth and slight declines. It is essential for stakeholders to closely monitor these fluctuations to understand the company's efficiency in generating returns relative to its total capital employed.
Peer comparison
Apr 27, 2024