La-Z-Boy Incorporated (LZB)

Number of days of payables

Apr 27, 2024 Jan 27, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 22, 2022 Oct 23, 2021 Jul 24, 2021 Apr 24, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019
Payables turnover 12.08 13.28 12.27 13.03 12.78 17.10 14.07 12.04 13.85 11.30 10.35 9.72 10.56 9.26 10.08 14.63 17.70 15.45 14.65 16.72
Number of days of payables days 30.22 27.48 29.76 28.02 28.56 21.35 25.93 30.31 26.35 32.30 35.27 37.57 34.57 39.43 36.22 24.95 20.62 23.63 24.92 21.82

April 27, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.08
= 30.22

The number of days of payables for La-Z-Boy Incorporated has shown some fluctuations over the past few quarters. On average, the company takes around 28 to 30 days to pay its suppliers. The trend in the payables period indicates that the company generally takes about a month to settle its outstanding bills.

It is worth noting that the number of days of payables has been relatively consistent in recent quarters, with minor variations. This suggests that La-Z-Boy has a stable approach to managing its payables and maintaining relationships with its suppliers.

Overall, the number of days of payables for La-Z-Boy Incorporated falls within the industry average, indicating a balanced approach to managing working capital and supplier relationships.


Peer comparison

Apr 27, 2024

Company name
Symbol
Number of days of payables
La-Z-Boy Incorporated
LZB
30.22
Leggett & Platt Incorporated
LEG
41.34
Tempur Sealy International Inc
TPX
40.63