La-Z-Boy Incorporated (LZB)
Days of inventory on hand (DOH)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.43 | 5.01 | 4.75 | 4.40 | 5.41 | |
| DOH | days | 82.45 | 72.82 | 76.81 | 83.04 | 67.48 |
April 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.43
= 82.45
The Days of Inventory on Hand (DOH) ratio for La-Z-Boy Incorporated has shown some fluctuations over the past five years. In April 2024, the DOH stood at 82.45 days, indicating that on average, the company held inventory for approximately 82.45 days before selling it. This represents an increase from the previous year when the DOH was 72.82 days.
Comparing the most recent figure to the data from the previous years, we observe that the DOH for La-Z-Boy was 76.81 days in April 2022, 83.04 days in April 2021, and 67.48 days in April 2020. This suggests that the company has experienced fluctuations in its inventory management efficiency over this period.
A higher DOH value typically suggests slower inventory turnover, which may indicate excessive inventory levels or challenges in selling products efficiently. On the other hand, a lower DOH value could imply either faster inventory turnover or potential stockouts if not managed carefully.
Overall, the trend in La-Z-Boy's DOH ratio suggests a need for further analysis to understand the underlying factors affecting its inventory management processes and to implement strategies to optimize inventory levels and turnover going forward.
Peer comparison
Apr 27, 2024