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