Unifirst Corporation (UNF)
Days of inventory on hand (DOH)
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.92 | 10.29 | 9.99 | 9.25 | 9.41 | 8.63 | 8.30 | 7.53 | 7.44 | 7.95 | 9.33 | 10.29 | 11.02 | 10.96 | 11.43 | 12.34 | 11.54 | 11.29 | 11.68 | 11.46 | |
| DOH | days | 36.79 | 35.47 | 36.55 | 39.47 | 38.77 | 42.32 | 43.99 | 48.48 | 49.09 | 45.92 | 39.12 | 35.46 | 33.13 | 33.30 | 31.93 | 29.57 | 31.63 | 32.33 | 31.24 | 31.86 |
February 24, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.92
= 36.79
The days of inventory on hand (DOH) for Unifirst Corporation ranged from 29.57 days to 49.09 days over the past several quarters. The DOH measures how many days, on average, a company holds its inventory before selling it. A lower DOH indicates faster inventory turnover, which is generally more favorable as it suggests efficient inventory management and reduced holding costs.
From the data provided, it can be observed that Unifirst Corporation managed to lower its DOH over the quarters, which is a positive trend. The company reduced its DOH from 49.09 days in Nov 27, 2021, to 36.79 days in Feb 24, 2024. This implies that the company has been able to improve its inventory turnover efficiency over time.
Overall, the decreasing trend in DOH for Unifirst Corporation indicates that the company has been effective in managing its inventory levels and turning over stock more quickly, which can lead to improved cash flow and profitability.
Peer comparison
Feb 24, 2024