La-Z-Boy Incorporated (LZB)
Fixed asset turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 22, 2022 | Oct 23, 2021 | Jul 24, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,047,027 | 2,054,779 | 2,127,096 | 2,226,993 | 2,349,433 | 2,472,712 | 2,471,562 | 2,436,119 | 2,356,811 | 2,191,715 | 2,090,338 | 1,973,569 | 1,734,244 | 1,582,055 | 1,587,715 | 1,575,807 | 1,703,982 | 1,790,492 | 1,782,218 | 1,774,339 |
| Property, plant and equipment | US$ in thousands | 298,224 | 284,407 | 270,682 | 277,282 | 278,578 | 267,606 | 269,240 | 262,620 | 253,144 | 250,945 | 237,518 | 229,343 | 219,194 | 213,088 | 211,688 | 212,933 | 214,767 | 212,851 | 210,400 | 204,789 |
| Fixed asset turnover | 6.86 | 7.22 | 7.86 | 8.03 | 8.43 | 9.24 | 9.18 | 9.28 | 9.31 | 8.73 | 8.80 | 8.61 | 7.91 | 7.42 | 7.50 | 7.40 | 7.93 | 8.41 | 8.47 | 8.66 |
April 27, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,047,027K ÷ $298,224K
= 6.86
The fixed asset turnover ratio of La-Z-Boy Incorporated has shown a generally positive trend over the recent quarters, indicating the company's ability to generate sales revenue relative to its investment in fixed assets. The ratio has been consistently above 7.0, with an increasing trend observed from the beginning of 2022 to the middle of 2023.
The company's ability to efficiently utilize its fixed assets to generate sales has improved over time, reaching a peak of 9.31 in April 2024. This indicates that for every dollar invested in fixed assets, La-Z-Boy Incorporated generated approximately $9.31 in sales revenue.
The slight decline in the fixed asset turnover ratio in the most recent quarter (April 2024) compared to the previous quarter (January 2024) may imply a temporary slowdown in sales relative to fixed asset investments. However, it is important to note that the ratio remains at a relatively high level, reflecting the company's overall efficiency in managing and utilizing its fixed assets effectively to drive revenue generation.
Overall, La-Z-Boy Incorporated's fixed asset turnover ratio demonstrates a positive operational efficiency in utilizing its fixed assets to generate sales, indicating effective management of its asset base to drive business performance.
Peer comparison
Apr 27, 2024