La-Z-Boy Incorporated (LZB)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,109,210 | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 |
| Receivables | US$ in thousands | 139,533 | 174,731 | 139,213 | 170,475 | 125,536 |
| Receivables turnover | 15.12 | 11.72 | 14.70 | 13.78 | 18.72 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,109,210K ÷ $139,533K
= 15.12
The receivables turnover ratio for La-Z-Boy Incorporated over the specified periods indicates fluctuations in the company's efficiency in collecting accounts receivable. As of April 29, 2023, the ratio was 18.72, suggesting a relatively strong and efficient collection process. This figure decreased significantly by April 30, 2023, to 13.78, reflecting a potential slowdown in receivables collection or changes in credit policies. The ratio experienced an improvement by April 27, 2024, rising to 14.70, but then declined again to 11.72 as of April 30, 2024, indicating a further weakening in collection efficiency during that period. By April 30, 2025, the ratio increased to 15.12, suggesting some recovery in the receivables collection process.
Overall, the trend shows variability across the reporting periods, with notable dips that may warrant further investigation into credit management policies or changes in customer payment behaviors. The ratios suggest that while there have been periods of efficient receivables turnover, recent figures indicate room for improvement in the company's accounts receivable collection effectiveness.
Peer comparison
Apr 30, 2025