La-Z-Boy Incorporated (LZB)

La-Z-Boy Incorporated's Days Sales Outstanding (DSO) is a measure of how long it takes the company to collect payments from customers after making a sale. Looking at the trend over the past five years, we observe fluctuations in the DSO ratio:

1. In the most recent fiscal year, ending April 27, 2024, the DSO was 24.82 days. This indicates that it took the company about 24.82 days on average to collect payment from customers. Compared to the previous year, there was an increase in the DSO, suggesting a slight deterioration in the efficiency of collecting receivables.

2. In the preceding year, ending April 29, 2023, the DSO was 19.50 days, reflecting an improvement in collections efficiency compared to the year before.

3. The DSO for the fiscal year ending April 30, 2022, was 28.46 days, showing a longer collection period compared to the year prior. This suggests a potential challenge in collecting payments in a timely manner.

4. For the fiscal year ending April 24, 2021, the DSO was 29.33 days, indicating a further increase in the collection period compared to the previous year.

5. In the fiscal year ending April 25, 2020, the DSO was 21.28 days, showing a relatively lower collection period compared to the following years.

Overall, the fluctuation in La-Z-Boy Incorporated's DSO over the past five years indicates variability in the company's ability to efficiently collect payments from customers. It is essential for the company to closely monitor its accounts receivable management practices to ensure timely collections and maintain healthy cash flows.

Peer comparison

Apr 27, 2024