La-Z-Boy Incorporated (LZB)
Fixed asset turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,109,210 | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 |
| Property, plant and equipment | US$ in thousands | — | — | 298,224 | 278,578 | 278,578 |
| Fixed asset turnover | — | — | 6.86 | 8.43 | 8.43 |
April 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,109,210K ÷ $—K
= —
The fixed asset turnover ratio for La-Z-Boy Incorporated demonstrates notable variations over the analyzed periods. As of April 29, 2023, and April 30, 2023, the ratio stood at 8.43, indicating that the company generated approximately $8.43 in sales for every dollar invested in fixed assets during this timeframe. This stability across these two dates suggests consistent operational efficiency relative to fixed asset utilization at that time.
By April 27, 2024, the fixed asset turnover ratio declined to 6.86, reflecting a decrease in sales generated per dollar of fixed assets. This downward movement may signify reduced efficiency in utilizing fixed assets to generate revenue or potential changes in operational scale or asset base.
Data for April 30, 2024, and April 30, 2025, are unavailable, precluding further analysis of trends beyond April 2024. However, the reduction from 8.43 to 6.86 over approximately one year indicates a significant shift in asset productivity, warranting further investigation into underlying factors such as asset base modifications, changes in sales volume, or operational adjustments.
Overall, the observed decline in the fixed asset turnover ratio suggests a potential reduction in asset utilization efficiency during the reported period. This trend may prompt a review of asset management practices or strategic positioning to enhance operational productivity.
Peer comparison
Apr 30, 2025