La-Z-Boy Incorporated (LZB)
Payables turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,165,360 | 1,165,360 | 1,340,730 | 1,384,700 | 1,440,840 |
| Payables | US$ in thousands | — | 96,486 | — | 107,460 | — |
| Payables turnover | — | 12.08 | — | 12.89 | — |
April 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,165,360K ÷ $—K
= —
The payables turnover ratio is a key metric used to assess how efficiently a company is managing its accounts payable. It measures the number of times a company pays off its suppliers during a specific period. In the case of La-Z-Boy Incorporated, the payables turnover ratio for the fiscal years ending April 29, 2023, and April 27, 2024, were 12.89 and 12.08, respectively.
A higher payables turnover ratio generally indicates that the company is paying off its suppliers more frequently, which may suggest good liquidity management or favorable payment terms. Conversely, a lower payables turnover ratio could indicate that the company is taking longer to pay its suppliers, possibly signaling cash flow issues or strained supplier relationships.
However, without the payables turnover ratio for all the years in the data provided, it is challenging to draw definitive conclusions about the trend in La-Z-Boy Incorporated's payables turnover efficiency. The missing data points for the years ending April 30, 2022, and April 30, 2023, limit a comprehensive analysis of how the company's management of accounts payable has evolved over time. Further examination and comparison with industry benchmarks would be necessary to gain a more thorough understanding of La-Z-Boy Incorporated's payables turnover performance.
Peer comparison
Apr 30, 2024