Unifirst Corporation (UNF)
Days of inventory on hand (DOH)
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 10.07 | 9.86 | 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 | |
| DOH | days | 36.25 | 37.03 | 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 |
August 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.07
= 36.25
The days of inventory on hand (DOH) for Unifirst Corporation have shown some fluctuations over the past few years based on the data provided. From November 2021 to August 2024, the DOH ranged from a low of 29.57 days to a high of 48.48 days, indicating variations in the company's inventory management efficiency during this period.
On average, the company held inventory for around 36 to 39 days during most of this time frame. However, there was a noticeable increase in DOH towards the end of the period, with the metric peaking at 48.48 days in February 2022 and slowly declining thereafter.
Overall, the trend in DOH suggests that Unifirst Corporation may have experienced challenges in managing its inventory levels effectively in the recent past, leading to higher levels of inventory on hand. This can impact the company's working capital and cash flow if excessive inventory is not sold in a timely manner. Monitoring and potentially optimizing inventory levels could be key for Unifirst Corporation to improve operational efficiency and financial performance in the future.
Peer comparison
Aug 31, 2024