La-Z-Boy Incorporated (LZB)
Total asset turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,047,030 | 2,349,430 | 2,356,810 | 1,734,240 | 1,703,980 |
| Total assets | US$ in thousands | 1,913,440 | 1,866,260 | 1,932,090 | 1,786,320 | 1,434,890 |
| Total asset turnover | 1.07 | 1.26 | 1.22 | 0.97 | 1.19 |
April 27, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,047,030K ÷ $1,913,440K
= 1.07
Total asset turnover measures the efficiency with which La-Z-Boy Incorporated utilizes its total assets to generate revenue. A higher ratio indicates better asset utilization. Over the past five years, the trend in total asset turnover for La-Z-Boy has been somewhat volatile. In the most recent year, in April 2024, the total asset turnover was 1.07, a decrease from the previous year's ratio of 1.26. Despite this decline, the company's asset turnover is still favorable compared to two years ago when it was 0.97. The peak in asset turnover was observed in April 2023 at a ratio of 1.26, suggesting that La-Z-Boy was more efficient in generating sales revenue relative to its total assets during that period. Overall, while there have been fluctuations, La-Z-Boy's total asset turnover has shown a generally positive trend over the past five years.
Peer comparison
Apr 27, 2024