La-Z-Boy Incorporated (LZB)
Payables turnover
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,176,432 | 1,199,472 | 1,196,245 | 1,201,208 | 1,176,586 | 1,151,964 | 1,140,735 | 1,129,506 | 1,141,887 | 1,154,268 | 1,204,641 | 1,265,860 | 1,315,245 | 1,375,882 | 1,412,217 | 1,448,136 | 1,510,879 | 1,501,239 | 1,490,816 | 1,470,349 |
| Payables | US$ in thousands | — | — | — | — | 96,486 | — | 86,819 | — | 98,088 | — | 97,954 | — | 107,460 | — | 86,882 | — | 106,614 | — | 123,832 | — |
| Payables turnover | — | — | — | — | 12.19 | — | 13.14 | — | 11.64 | — | 12.30 | — | 12.24 | — | 16.25 | — | 14.17 | — | 12.04 | — |
January 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,176,432K ÷ $—K
= —
The payables turnover ratio for La-Z-Boy Incorporated shows the efficiency with which the company is managing its accounts payable. A higher payables turnover ratio is generally considered favorable as it indicates that the company is paying off its suppliers more quickly.
Analyzing the data provided, we observe fluctuations in the payables turnover ratio over the periods reported. The data indicates that the payables turnover ratio ranges from a low of 11.64 to a high of 16.25 during the reporting periods.
A high payables turnover ratio, such as the one reported for January 28, 2023, suggests that La-Z-Boy is efficiently managing its accounts payable by paying its suppliers rapidly. On the other hand, a lower payables turnover ratio, like the one reported for October 28, 2023, may signify that the company is taking longer to pay off its suppliers.
It is important for La-Z-Boy to strike a balance in their payables turnover ratio to maintain good relations with suppliers while also managing cash flow effectively. The company may consider analyzing the reasons behind these fluctuations and strategizing to maintain a healthy payables turnover ratio in the future.
Peer comparison
Jan 31, 2025