La-Z-Boy Incorporated (LZB)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.32 | 11.04 | 11.15 | 12.70 | 12.45 | 12.19 | 13.27 | 13.14 | 11.52 | 11.64 | 11.78 | 12.41 | 11.88 | 12.45 | 16.09 | 16.38 | 13.69 | 14.17 | 12.12 | 12.04 | |
| Number of days of payables | days | 29.62 | 33.07 | 32.73 | 28.73 | 29.32 | 29.93 | 27.51 | 27.78 | 31.70 | 31.35 | 30.97 | 29.41 | 30.72 | 29.33 | 22.68 | 22.28 | 26.66 | 25.76 | 30.11 | 30.32 |
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 fluctuations across the reported periods. Initially, at the end of July 2022, the payables days stood at approximately 30.32 days, which slightly increased to about 30.11 days by the end of July 2022. During the fourth quarter of 2022, specifically by October 29 and 31, 2022, the payable days decreased to approximately 25.76 and 26.66 days, respectively.
Entering 2023, the figure further declined, reaching around 22.28 days in late January and marginally increasing to 22.68 days at the end of January 2023. Subsequently, during the second quarter (April 2023), payables days rose back to approximately 29.33 days and 30.72 days. In the third quarter (July 2023), the days were nearly stable at roughly 29.41 and 30.97 days.
Moving into the fourth quarter of 2023, there was a slight increase, with payable days advancing to about 31.35 days in October and 31.70 days at month-end. In early 2024, the figure decreased again to 27.78 days in January and 27.51 days at month-end, before rising to approximately 29.93 days and 29.32 days in April 2024.
As of mid-2024, the payable days hovered around the low 30s, with a notable increase to 32.73 days in October 2024, and further to 33.07 days in January 2025. The subsequent reporting period in April 2025 reflected a slight decrease back to approximately 29.62 days.
Overall, the pattern suggests a cyclical variation in La-Z-Boy’s payables days, generally fluctuating between roughly 22 days in early 2023 to over 33 days in early 2025. This variation may be attributable to changes in payment policies, supplier negotiations, seasonal factors, or working capital management strategies employed by the company.
Peer comparison
Apr 30, 2025