La-Z-Boy Incorporated (LZB)
Fixed asset turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,047,030 | 2,349,430 | 2,356,810 | 1,734,240 | 1,703,980 |
| Property, plant and equipment | US$ in thousands | 298,224 | 278,578 | 253,144 | 219,194 | 214,767 |
| Fixed asset turnover | 6.86 | 8.43 | 9.31 | 7.91 | 7.93 |
April 27, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,047,030K ÷ $298,224K
= 6.86
The fixed asset turnover of La-Z-Boy Incorporated has shown a decreasing trend over the past five years, with values of 6.86 in 2024, 8.43 in 2023, 9.31 in 2022, 7.91 in 2021, and 7.93 in 2020. This indicates that the company is generating less revenue per dollar of fixed assets invested. A lower fixed asset turnover ratio may suggest inefficiencies in asset utilization or potentially the need for additional investments to generate higher sales. Further analysis of operational and strategic factors affecting asset management and revenue generation would be beneficial to understand the drivers behind this downward trend.
Peer comparison
Apr 27, 2024