Unifirst Corporation (UNF)
Days of inventory on hand (DOH)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.07 | 9.99 | 8.63 | 7.95 | 10.96 | |
| DOH | days | 36.25 | 36.55 | 42.32 | 45.92 | 33.30 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.07
= 36.25
Unifirst Corporation's days of inventory on hand (DOH) has shown some fluctuation over the past five years. In the most recent fiscal year ending on August 31, 2024, the company had an average of 36.25 days of inventory on hand, indicating a slightly more efficient inventory management compared to the previous year which had 36.55 days.
However, it is worth noting that in the fiscal year ending on August 28, 2021, Unifirst Corporation had a significantly higher DOH of 45.92 days, suggesting potential inventory management challenges during that period. The company improved its efficiency in managing inventory in the subsequent years, as seen in the DOH of 33.30 days in August 29, 2020, and the most recent DOH of 36.25 days.
Overall, Unifirst Corporation has shown some variability in its inventory management practices over the past five years, with efforts to streamline inventory levels and improve efficiency evident in recent years. An optimal level of inventory management is essential for balancing liquidity and operational efficiency within the company.
Peer comparison
Aug 31, 2024