La-Z-Boy Incorporated

NYSE LZB

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La-Z-Boy Incorporated Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending January 31, 2024: -2.24%

La-Z-Boy Incorporated Accounts Payable Turnover Ratio 5 year CAGR is -2.24% for the quarter ending January 31, 2024, a -283.90% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • La-Z-Boy Incorporated Accounts Payable Turnover Ratio for the quarter ending January 31, 2023 was 6.59, a 35.21% change year over year.
  • La-Z-Boy Incorporated Accounts Payable Turnover Ratio for the quarter ending January 31, 2022 was 4.88, a -0.06% change year over year.
  • La-Z-Boy Incorporated Accounts Payable Turnover Ratio for the quarter ending January 31, 2021 was 4.88, a -30.24% change year over year.
  • La-Z-Boy Incorporated Accounts Payable Turnover Ratio for the quarter ending January 31, 2020 was 6.99, a 8.31% change year over year.
NYSE: LZB

La-Z-Boy Incorporated

CEO Ms. Melinda D. Whittington
IPO Date Jan. 5, 1988
Location United States
Headquarters One La-Z-Boy Drive, Monroe, MI, United States, 48162-5138
Employees 10,500
Sector Consumer Cyclical
Industry Furnishings, fixtures & appliances
Description

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. The company also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

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StockViz Staff

September 20, 2024

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