La-Z-Boy Incorporated (LZB)
Receivables turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,047,030 | 2,047,030 | 2,349,430 | 2,349,430 | 2,356,810 |
| Receivables | US$ in thousands | — | 139,213 | — | 125,536 | — |
| Receivables turnover | — | 14.70 | — | 18.72 | — |
April 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,047,030K ÷ $—K
= —
The receivables turnover ratio for La-Z-Boy Incorporated provides insights into how efficiently the company is collecting payments from its customers. Looking at the data provided, we see that the receivables turnover ratio was not available for April 30, 2022 and April 30, 2023. However, for April 29, 2023, the ratio was 18.72, indicating that the company collected its receivables approximately 18.72 times during that period.
Subsequently, the ratio decreased to 14.70 for the period ending April 27, 2024. This reduction may suggest a slowdown in the collection of receivables compared to the previous period.
It is important for La-Z-Boy to monitor its receivables turnover ratio consistently to ensure timely collection of outstanding payments, manage cash flow efficiently, and maintain healthy liquidity levels. A decreasing ratio may signal potential issues with credit policies, customer payment behavior, or collection procedures that warrant further investigation and management attention.
Peer comparison
Apr 30, 2024