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

Company name
Symbol
Return on total capital
La-Z-Boy Incorporated
LZB
15.03%
Leggett & Platt Incorporated
LEG
-2.72%
Tempur Sealy International Inc
TPX
175.97%