Unifirst Corporation (UNF)

Days of inventory on hand (DOH)

		Aug 26, 2023	Aug 27, 2022	Aug 28, 2021	Aug 29, 2020	Aug 31, 2019
Inventory turnover		9.99	8.63	7.95	10.96	11.29
DOH	days	36.55	42.32	45.92	33.30	32.33

August 26, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.99
= 36.55

The days of inventory on hand (DOH) for Unifirst Corp. has shown a fluctuating trend over the past five years. The DOH decreased from 45.92 days in 2021 to 42.32 days in 2022, indicating the company's ability to manage and sell off inventory more efficiently. However, in the most recent year, the DOH increased to 36.55 days, which may suggest an increase in inventory levels or a slower turnover of inventory. It is important for the company to assess the reasons behind this increase and take measures to optimize inventory management in order to improve efficiency and minimize carrying costs.

Peer comparison

Aug 26, 2023

Company name

Symbol

DOH

Unifirst Corporation

UNF

36.55

H&R Block Inc

HRB

—

Service Corporation International