La-Z-Boy Incorporated (LZB)
Days of sales outstanding (DSO)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 15.12 | 16.39 | 16.52 | 13.37 | 12.06 | 14.84 | 12.44 | 16.79 | 11.71 | 15.15 | 18.82 | 19.64 | 18.07 | 18.47 | 17.21 | 17.44 | 15.19 | 15.65 | 9.32 | 15.59 | |
| DSO | days | 24.15 | 22.27 | 22.09 | 27.29 | 30.26 | 24.60 | 29.33 | 21.73 | 31.17 | 24.09 | 19.40 | 18.59 | 20.20 | 19.77 | 21.21 | 20.93 | 24.03 | 23.33 | 39.16 | 23.42 |
April 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 15.12
= 24.15
The analysis of La-Z-Boy Incorporated’s days of sales outstanding (DSO) over the given periods reveals notable fluctuations and general trends. The data indicates that DSO levels have experienced both significant increases and decreases across different quarters, reflecting variations in the company's receivables management and customer payment behaviors.
Starting from July 30, 2022, with a DSO of 23.42 days, the metric initially increased sharply by July 31, 2022, reaching 39.16 days, which suggests a slowdown in receivables collection early in that period. However, as the following months progressed, the DSO decreased steadily, reaching a low of approximately 19.77 days by April 29, 2023, reflecting improved collection efficiency.
Subsequently, the DSO increased again, reaching 24.09 days on October 28, 2023, before rising further to 31.17 days by October 31, 2023. This upward movement could indicate a temporary elongation in receivables collection, possibly due to changes in credit terms or collection issues during that quarter.
In the most recent periods, DSO measures show a somewhat stabilized but still elevated level, with values of 21.73 days on January 27, 2024, then rising again to 29.33 days on January 31, 2024, and reaching approximately 24.60 days by April 27, 2024. The latest data points from July 31, 2024, through October 31, 2024, indicate DSO figures of 27.29 days and 22.09 days, respectively, suggesting a slight contraction in receivables collection period. The trend continues with levels around 22–24 days through early 2025.
Overall, the DSO for La-Z-Boy displays periods of both efficiency and slowdown. The fluctuations are indicative of variability in collection cycles, potentially influenced by seasonal factors, changes in credit policy, or customer payment practices. While some periods demonstrate improved receivables turnover with DSO below 20 days, others reflect extended collection periods approaching or exceeding 30 days. The data suggests that the company’s receivables management exhibits periods of strength interspersed with transient challenges in collection speed.
Peer comparison
Apr 30, 2025