The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. La-Z-Boy's Revenue for the
three
months ended in Jan. 2024 was $500 Mil. La-Z-Boy's average Accounts Receivable for the
three
months ended in Jan. 2024 was $127 Mil.
Hence, La-Z-Boy's Receivables Turnover for the
three
months ended in Jan. 2024 was 3.94.
La-Z-Boy Receivables Turnover Historical Data
The historical data trend for La-Z-Boy's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of La-Z-Boy's Receivables Turnover
For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
La-Z-Boy's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where La-Z-Boy's Receivables Turnover falls into.
La-Z-Boy Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
La-Z-Boy's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
La-Z-Boy Receivables Turnover Related Terms
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La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.
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