La-Z-Boy Incorporated (LZB)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,091,871 | 2,123,629 | 2,103,008 | 2,107,882 | 2,065,782 | 2,023,682 | 2,004,927 | 1,986,172 | 2,036,024 | 2,085,876 | 2,176,948 | 2,268,020 | 2,318,065 | 2,368,110 | 2,399,478 | 2,430,846 | 2,504,080 | 2,464,321 | 2,431,803 | 2,403,601 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 298,224 | — | 284,407 | 722,914 | 270,682 | 277,282 | 277,282 | 278,578 | 278,578 | 267,606 | 267,606 | 673,735 | 269,240 | 262,620 | 262,620 | 253,144 |
| Fixed asset turnover | — | — | — | — | 6.93 | — | 7.05 | 2.75 | 7.52 | 7.52 | 7.85 | 8.14 | 8.32 | 8.85 | 8.97 | 3.61 | 9.30 | 9.38 | 9.26 | 9.49 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,091,871K ÷ $—K
= —
La-Z-Boy Incorporated's fixed asset turnover ratio has shown some fluctuations over the reported periods. The trend indicates a general decline over the years from a high of 9.49 in April 2022 to a low of 2.75 in October 2023.
A high fixed asset turnover ratio typically indicates that the company is generating more sales revenue per dollar of fixed assets, reflecting efficient asset utilization. Conversely, a decreasing ratio could suggest the company is not effectively utilizing its fixed assets to generate sales.
It is important to note that the ratio dropped significantly in October 2023, which may signify a potential issue with asset utilization efficiency during that period. However, as the ratio slightly recovered in the subsequent periods, this could indicate some improvement in the utilization of fixed assets.
The availability of data points for the most recent periods is limited, showing "—" for January 31, 2024, and subsequent dates. This lack of data prevents a comprehensive analysis of the recent performance of La-Z-Boy's fixed asset turnover ratio.
Further analysis and comparison with industry benchmarks or historical data would provide additional insights into La-Z-Boy Incorporated's efficiency in utilizing its fixed assets to generate sales.
Peer comparison
Jan 31, 2025