La-Z-Boy Incorporated (LZB)
Total asset turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,091,871 | 2,123,629 | 2,103,008 | 2,107,882 | 2,065,782 | 2,023,682 | 2,004,927 | 1,986,172 | 2,036,024 | 2,085,876 | 2,176,948 | 2,268,020 | 2,318,065 | 2,368,110 | 2,399,478 | 2,430,846 | 2,504,080 | 2,464,321 | 2,431,803 | 2,403,601 |
| Total assets | US$ in thousands | 1,958,880 | 1,928,200 | 1,917,620 | 1,913,440 | 1,913,440 | 1,918,290 | 1,918,290 | 1,880,020 | 1,880,020 | 1,847,580 | 1,847,580 | 1,866,260 | 1,866,260 | 1,846,360 | 1,846,360 | 1,857,540 | 1,857,540 | 1,918,980 | 1,918,980 | 1,932,090 |
| Total asset turnover | 1.07 | 1.10 | 1.10 | 1.10 | 1.08 | 1.05 | 1.05 | 1.06 | 1.08 | 1.13 | 1.18 | 1.22 | 1.24 | 1.28 | 1.30 | 1.31 | 1.35 | 1.28 | 1.27 | 1.24 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,091,871K ÷ $1,958,880K
= 1.07
La-Z-Boy Incorporated's total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets. Over the provided period, the total asset turnover ratio fluctuated between 1.05 and 1.35.
The trend of the total asset turnover ratio indicates that La-Z-Boy Incorporated's ability to utilize its assets to generate sales revenue has experienced fluctuations. The ratio peaked at 1.35 on October 29, 2022, which suggests the company was efficient in generating sales relative to its total assets at that time. However, the ratio declined gradually thereafter, reaching its lowest point of 1.05 by January 27, 2024.
A higher total asset turnover indicates that the company is making more effective use of its assets to generate revenue. Conversely, a lower total asset turnover suggests that the company may be underutilizing its assets or facing challenges in generating sales.
Overall, fluctuations in La-Z-Boy Incorporated's total asset turnover ratio highlight changes in the company's efficiency in utilizing its assets to drive sales over the provided period. Further analysis and comparison with industry benchmarks could provide additional insights into the company's asset management efficiency.
Peer comparison
Jan 31, 2025