La-Z-Boy Incorporated (LZB)
Total asset 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 |
| Total assets | US$ in thousands | 1,913,440 | 1,918,290 | 1,880,020 | 1,847,580 | 1,866,260 | 1,846,360 | 1,857,540 | 1,918,980 | 1,932,090 | 1,929,560 | 1,852,090 | 1,809,510 | 1,786,320 | 1,740,170 | 1,650,340 | 1,503,750 | 1,434,890 | 1,442,630 | 1,392,330 | 1,362,150 |
| Total asset turnover | 1.07 | 1.07 | 1.13 | 1.21 | 1.26 | 1.34 | 1.33 | 1.27 | 1.22 | 1.14 | 1.13 | 1.09 | 0.97 | 0.91 | 0.96 | 1.05 | 1.19 | 1.24 | 1.28 | 1.30 |
April 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,047,027K ÷ $1,913,440K
= 1.07
Total asset turnover measures the efficiency of La-Z-Boy Incorporated in generating sales revenue from its total assets. A higher ratio indicates that the company is utilizing its assets more effectively to generate sales.
Based on the data provided, the total asset turnover for La-Z-Boy has shown some fluctuations over the period analyzed. The ratio has ranged from a low of 0.91 to a high of 1.34. Overall, the trend appears to be relatively stable, with some variability in the middle of the period.
In the most recent period, the total asset turnover stands at 1.07, indicating that for every dollar of assets, the company generated $1.07 in sales. This suggests that La-Z-Boy has been effectively utilizing its assets to generate revenue.
It is worth noting that the company's total asset turnover has generally been above 1, which is a positive sign of efficiency in asset utilization. However, investors and analysts may want to further explore the reasons behind the fluctuations in the ratio to assess the company's operational efficiency and financial health.
Peer comparison
Apr 27, 2024