La-Z-Boy's (NYSE:LZB) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
La-Z-Boy Incorporated (LZB)
Last la-z-boy incorporated earnings: 2/18 04:15 pm
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US:NYSE Investor Relations:
lazboy.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Although, when we looked at La-Z-Boy NYSE:LZB ), it didn't seem to tick all of these boxes. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. Analysts use this formula to calculate it for La-Z-Boy: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.095 = US$141m ÷ (US$1.9b - US$440m) (Based on the trailing twelve months to January 2024) So, La-Z-Boy has an ROCE of 9.5%. Ultimately, that's a low return and it under-performs the Consumer Durables industry average of 14%. Check out our latest analysis for
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LZB
News
- La-Z-Boy Incorporated Declares Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- La-Z-Boy Incorporated Declares Quarterly DividendGlobeNewswire
- Book Drive for Kids [CBS News]CBS News
- La-Z-Boy Incorporated: Optimism Amidst The Housing Shortage Crisis [Seeking Alpha]Seeking Alpha
- Wichita store to close after almost 80 years in business [Yahoo! Finance]Yahoo! Finance
LZB
Earnings
- 2/20/24 - Miss
LZB
Sec Filings
- 3/22/24 - Form 4
- 3/21/24 - Form 144
- 3/1/24 - Form 4
- LZB's page on the SEC website