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

Company name
Symbol
Number of days of payables
La-Z-Boy Incorporated
LZB
29.62
Leggett & Platt Incorporated
LEG
Somnigroup International Inc.
SGI