La-Z-Boy Incorporated (LZB)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,047,027 | 2,054,779 | 2,127,096 | 2,226,993 | 2,349,433 | 2,472,712 | 2,471,562 | 2,436,119 | 2,356,811 | 2,191,715 | 2,090,338 | 1,973,569 | 1,734,244 | 1,582,055 | 1,587,715 | 1,575,807 | 1,703,982 | 1,790,492 | 1,782,218 | 1,774,339 |
| Receivables | US$ in thousands | 139,213 | 119,383 | 134,394 | 110,857 | 125,536 | 137,593 | 160,035 | 156,027 | 183,747 | 163,018 | 173,998 | 141,597 | 139,341 | 129,256 | 128,324 | 97,374 | 99,351 | 153,721 | 155,086 | 134,379 |
| Receivables turnover | 14.70 | 17.21 | 15.83 | 20.09 | 18.72 | 17.97 | 15.44 | 15.61 | 12.83 | 13.44 | 12.01 | 13.94 | 12.45 | 12.24 | 12.37 | 16.18 | 17.15 | 11.65 | 11.49 | 13.20 |
April 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,047,027K ÷ $139,213K
= 14.70
The receivables turnover for La-Z-Boy Incorporated has fluctuated over the past several periods. The receivables turnover ratio measures the efficiency with which the company is able to collect on its credit sales. A higher turnover ratio typically indicates that the company is effective in collecting its outstanding receivables in a timely manner.
Looking at the trend, we see that the receivables turnover ratio has shown some variability, with values ranging from 11.49 to 20.09. The highest turnover ratio of 20.09 was observed in July 29, 2023, indicating that during that period, La-Z-Boy was able to collect its receivables relatively quickly compared to other periods. The lowest turnover ratio of 11.49 was recorded on October 26, 2019, suggesting a potential delay in collecting outstanding receivables during that period.
Overall, it is important for La-Z-Boy to maintain a healthy balance in its receivables turnover ratio to ensure a steady flow of cash and efficient management of accounts receivable. Monitoring this ratio over time can provide insights into the company's effectiveness in managing its credit sales and collecting payments from customers.
Peer comparison
Apr 27, 2024