La-Z-Boy Incorporated (LZB)
Total asset 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 |
| Total assets | US$ in thousands | 1,922,160 | 1,913,440 | 1,913,440 | 1,866,260 | 1,866,260 |
| Total asset turnover | 1.10 | 1.07 | 1.07 | 1.26 | 1.26 |
April 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,109,210K ÷ $1,922,160K
= 1.10
The total asset turnover ratio for La-Z-Boy Incorporated reflects the efficiency with which the company utilizes its assets to generate sales over different periods. As of April 29, 2023, and April 30, 2023, the ratio stood at 1.26, indicating a relatively high level of sales generated per dollar of assets during that period. This ratio remained consistent across those two dates, suggesting stable asset utilization at that time.
In the subsequent fiscal year, the ratio decreased to 1.07, as reported on April 27, 2024, and April 30, 2024. This decline signifies a reduction in the company's efficiency of asset utilization, implying that fewer sales were generated per dollar of assets compared to the previous year. A further slight increase was observed by April 30, 2025, with the ratio reaching 1.10, indicating a modest improvement but still remaining below the earlier ratio of 1.26.
Overall, the trend demonstrates a notable decline in total asset turnover from the 1.26 level in 2023 to around 1.07–1.10 in 2024–2025. This decrease may reflect changes in operational efficiency, shifts in sales volume, or adjustments in asset management strategies. The marginal recovery in 2025 suggests the company is working towards improving its asset utilization, although the ratio has not yet returned to its initial higher levels observed in 2023.
Peer comparison
Apr 30, 2025