La-Z-Boy Incorporated (LZB)
Total asset turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,109,207 | 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 |
| Total assets | US$ in thousands | 1,922,160 | 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 |
| Total asset turnover | 1.10 | 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 |
April 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,109,207K ÷ $1,922,160K
= 1.10
The total asset turnover ratio of La-Z-Boy Incorporated exhibits a general declining trend over the analyzed periods. Starting from approximately 1.27-1.28 at the end of July 2022, the ratio increased slightly to reach a peak of around 1.35 by October 2022. Subsequently, the ratio demonstrated a gradual decline, settling around 1.22-1.24 in mid-2023. The decline continued into late 2023, with values decreasing to approximately 1.06-1.08 by October 2023.
Throughout the subsequent periods into early 2024, the ratio stabilized at about 1.05-1.10, with minor fluctuations. As of April 2024 and onwards, the ratio maintained a relatively stable range around 1.08-1.10, reflecting a consistent utilization of assets in generating sales. By the end of October 2024 and into early 2025, the ratio remained relatively steady around 1.07-1.10.
This pattern indicates that La-Z-Boy’s efficiency in using its assets to generate sales has experienced a moderate but persistent decline from late 2022 through late 2023, followed by a period of stabilization with slight increases into early 2025. The overall trend suggests a decrease in asset utilization efficiency over the period analyzed, which could be indicative of changing operational dynamics, market conditions, or strategic shifts within the company.
Peer comparison
Apr 30, 2025