La-Z-Boy Incorporated (LZB)
Fixed asset turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,109,207 | 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 |
| 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 |
| 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 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,109,207K ÷ $—K
= —
The fixed asset turnover ratio of La-Z-Boy Incorporated has demonstrated notable fluctuations across the reporting periods. Initially, as of July 30, 2022, the ratio was approximately 9.26, indicating that for every dollar invested in fixed assets, the company generated around $9.26 in sales. This ratio remained relatively stable through the subsequent periods ending in late October 2022, with values close to 9.30, reflecting consistent utilization of fixed assets to generate sales.
However, a significant decline is observed in the period ending October 31, 2022, where the ratio sharply decreased to approximately 3.61. This substantial drop suggests a period where fixed assets contributed less efficiently to sales generation, potentially due to reduced sales volume, asset impairments, or changes in asset utilization.
Following this decline, the ratio experienced a gradual recovery. By January 31, 2023, it increased back to approximately 8.85, indicating a rebound in operational efficiency concerning fixed assets. This upward trend persisted into April 2023, with the ratio slightly decreasing but remaining above 8.00, reaching about 8.14.
Throughout mid-2023, up to July 31, 2023, the fixed asset turnover ratio continued on a declining path, reaching approximately 7.52. This gradual reduction signifies somewhat diminished efficiency in asset utilization, possibly due to market or internal operational factors.
By late October 2023, the ratio substantially declined again to approximately 2.75, the lowest point within the observed timeframe. This period of notably diminished ratio might indicate a period of reduced sales efficiency, asset impairments, or strategic asset re-evaluations.
In early 2024, the ratio slightly increased to around 7.05 but then declined again to approximately 6.93 by April 2024. The data after this point are either not available or not reported, with subsequent periods unreported, indicating a lack of recent quantitative data for further analysis.
Overall, the data reflect periods of both stability and volatility in fixed asset utilization, with the most significant disruptions aligned with the end of 2022 and late 2023. These fluctuations suggest that while La-Z-Boy generally maintains a high level of fixed asset efficiency, certain periods have seen notable declines, which could be attributed to internal operational challenges or external market conditions affecting sales performance relative to fixed assets.
Peer comparison
Apr 30, 2025