La-Z-Boy Incorporated (LZB)
Inventory turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,165,360 | 1,384,700 | 1,440,840 | 993,984 | 982,537 |
| Inventory | US$ in thousands | 263,237 | 276,257 | 303,191 | 226,137 | 181,643 |
| Inventory turnover | 4.43 | 5.01 | 4.75 | 4.40 | 5.41 |
April 27, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,165,360K ÷ $263,237K
= 4.43
The inventory turnover for La-Z-Boy Incorporated has exhibited variability over the last five years. The company's inventory turnover ratio was 4.43 in April 2024, which shows a slight decrease compared to the previous year when it was 5.01. However, this value is still higher than the ratios reported in 2022 and 2021, which were 4.75 and 4.40 respectively. The highest inventory turnover in the past five years was recorded in April 2020 at 5.41.
A higher inventory turnover ratio typically indicates that a company is efficiently managing its inventory by selling goods quickly. Although the recent decrease in the ratio may suggest a slight slowdown in inventory turnover, La-Z-Boy Incorporated has historically maintained a relatively healthy turnover rate. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.
Peer comparison
Apr 27, 2024