La-Z-Boy Incorporated (LZB)
Days of sales outstanding (DSO)
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | 14.84 | — | 16.79 | — | 15.15 | — | 19.64 | — | 18.47 | — | 17.44 | — | 15.65 | — | 15.59 | — | |
| DSO | days | — | — | — | — | 24.60 | — | 21.73 | — | 24.09 | — | 18.59 | — | 19.77 | — | 20.93 | — | 23.33 | — | 23.42 | — |
January 31, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) ratio for La-Z-Boy Incorporated provides insights into the company's efficiency in collecting accounts receivable. The DSO is calculated by dividing the accounts receivable balance by the average daily sales revenue and then multiplying it by the number of days in the period.
Looking at the data provided, we observe fluctuations in La-Z-Boy's DSO over the periods mentioned. The DSO numbers range from a high of 24.60 days to a low of 18.59 days. A lower DSO indicates that the company is collecting payments from customers more quickly, which is generally favorable as it implies efficient accounts receivable management.
Analyzing the trend, we see that the DSO generally decreased from around 23.42 days to 18.59 days during the period stated. This declining trend indicates an improvement in La-Z-Boy's accounts receivable collection efficiency over time. However, the inconsistency in the availability of data points on some dates such as January 31, 2023, and others makes it difficult to draw a consistent conclusion for those specific periods.
In conclusion, La-Z-Boy Incorporated's days of sales outstanding ratio has shown a decreasing trend, suggesting improved efficiency in collecting accounts receivable. It would be beneficial to continue monitoring the DSO in future periods to assess the company's effectiveness in managing its accounts receivable.
Peer comparison
Jan 31, 2025