La-Z-Boy Incorporated (LZB)
Days of sales outstanding (DSO)
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 14.70 | — | 18.72 | — | |
| DSO | days | — | 24.82 | — | 19.50 | — |
April 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days of Sales Outstanding (DSO) ratio for La-Z-Boy Incorporated has shown some fluctuations over the years based on the provided data. As of April 29, 2023, the DSO stood at 19.50 days, indicating the average number of days it takes for the company to collect revenue from its sales. This metric improved compared to the previous period, suggesting that the company was more efficient in collecting payments from customers during that time. However, the DSO increased to 24.82 days by April 27, 2024, which may indicate a potential slowdown in collections or changes in the company's credit policies. The DSO for the other periods is not available in the data. Overall, monitoring DSO trends can provide insights into the company's accounts receivable management and its effectiveness in converting sales into cash.
Peer comparison
Apr 30, 2024