La-Z-Boy Incorporated (LZB)
Number of days of payables
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.32 | 12.08 | 12.08 | 12.48 | 12.89 | |
| Number of days of payables | days | 29.62 | 30.22 | 30.22 | 29.25 | 28.33 |
April 30, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.32
= 29.62
The data indicates that La-Z-Boy Incorporated's number of days of payables has experienced some variation over the observed periods. As of April 29, 2023, the payables period was approximately 28.33 days, reflecting the average time the company takes to settle its accounts payable obligations. This duration increased slightly by April 30, 2023, to approximately 29.25 days. Moving forward to April 27, 2024, the payable days extended further to approximately 30.22 days, maintaining this level on April 30, 2024, suggesting stability in the company's payment practices during that year. The subsequent measurement for April 30, 2025, recorded a slightly decreased payable period at approximately 29.62 days. Overall, there is an observable trend of the company maintaining a payables period close to 30 days, with minor fluctuations, which may reflect consistent credit terms with suppliers and disciplined payment management strategies over the assessed timeframe.
Peer comparison
Apr 30, 2025