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LSI Industries (LSI Industries) ROA %

: 8.02% (As of Dec. 2023)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. LSI Industries's annualized Net Income for the quarter that ended in Dec. 2023 was $23.6 Mil. LSI Industries's average Total Assets over the quarter that ended in Dec. 2023 was $294.7 Mil. Therefore, LSI Industries's annualized ROA % for the quarter that ended in Dec. 2023 was 8.02%.

The historical rank and industry rank for LSI Industries's ROA % or its related term are showing as below:

LYTS' s ROA % Range Over the Past 10 Years
Min: -8.04   Med: 2.75   Max: 9.17
Current: 9.17

During the past 13 years, LSI Industries's highest ROA % was 9.17%. The lowest was -8.04%. And the median was 2.75%.

LYTS's ROA % is ranked better than
88.14% of 2478 companies
in the Hardware industry
Industry Median: 2.34 vs LYTS: 9.17

LSI Industries ROA % Historical Data

The historical data trend for LSI Industries's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LSI Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.59 5.14 2.56 5.03 8.49

LSI Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.34 6.36 11.47 10.74 8.02

Competitive Comparison

For the Electronic Components subindustry, LSI Industries's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LSI Industries ROA % Distribution

For the Hardware industry and Technology sector, LSI Industries's ROA % distribution charts can be found below:

* The bar in red indicates where LSI Industries's ROA % falls into.



LSI Industries ROA % Calculation

LSI Industries's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=25.762/( (311.08+296.149)/ 2 )
=25.762/303.6145
=8.49 %

LSI Industries's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=23.624/( (301.768+287.548)/ 2 )
=23.624/294.658
=8.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


LSI Industries  (NAS:LYTS) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=23.624/294.658
=(Net Income / Revenue)*(Revenue / Total Assets)
=(23.624 / 436.02)*(436.02 / 294.658)
=Net Margin %*Asset Turnover
=5.42 %*1.4797
=8.02 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


LSI Industries ROA % Related Terms

Thank you for viewing the detailed overview of LSI Industries's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


LSI Industries (LSI Industries) Business Description

Traded in Other Exchanges
Address
10000 Alliance Road, Cincinnati, OH, USA, 45242
LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Lighting segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.
Executives
James E Galeese officer: Executive VP; CFO LSI INDUSTRIES INC., 10000 ALLIANCE RD, CINCINNATI OH 45242
James Anthony Clark officer: CEO and President 10000 ALLIANCE ROAD, CINCINNATI OH 45242
Jeffery S. Bastian officer: Chief Accounting Officer C/O LSI INDUSTRIES, 10000 ALLIANCE RD., CINCINNATI OH 45242
Thomas A Caneris officer: Sr. VP, HR and General Counsel 1901 CAMPUS PLACE, LOUISVILLE KY 40299
Michael A. Prachar officer: Chief Marketing Officer 10000 ALLIANCE ROAD, CINCINNATI OH 45242
Ronald D Brown director 2090 FLORENCE AVENUE, CINCINNATI OH 45206
Amy Hanson director C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Chantel E Lenard director 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Robert P. Beech director 9938 ZIG ZAG ROAD, CINCINNATI OH 45242
Marshall Ernest W Jr director 1000 EATON BLVD, CLEVELAND OH 44122
Steve A. Brunker officer: CIO 10000 ALLIANCE ROAD, CINCINNATI OH 45242
Sylvia M. Astrop officer: SVP Global Sourcing 10000 ALLIANCE ROAD, CINCINNATI OH 45242
John K Morgan director 1310 SEABOARD INDUSTRIAL BLVD, ATLANTA GA 30318
Michael C Beck officer: Sr Vice President - Operations 10000 ALLIANCE ROAD, CINCINNATI OH 45242
Crawford C. Lipsey officer: Interim President and COO 10000 ALLIANCE ROAD, CINCINNATI OH 45242