La-Z-Boy Incorporated (LZB)
Number of days of payables
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 12.08 | — | 12.89 | — | |
| Number of days of payables | days | — | 30.22 | — | 28.33 | — |
April 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for La-Z-Boy Incorporated has shown fluctuations over the past few years. As of April 29, 2023, the company took approximately 28.33 days to pay its accounts payable, indicating a relatively efficient payment process. This figure increased slightly by April 27, 2024, to approximately 30.22 days, suggesting a slower payment cycle compared to the previous year. However, specific data points for April 30, 2022, and April 30, 2023, are not available, making it challenging to assess the trend accurately. Further analysis and comparison with industry benchmarks would be necessary to gain a more comprehensive understanding of La-Z-Boy's payables management strategy.
Peer comparison
Apr 30, 2024