Unifirst Corporation (UNF)
Days of sales outstanding (DSO)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 8.73 | 8.03 | 8.04 | 8.78 | 9.48 | |
| DSO | days | 41.80 | 45.48 | 45.40 | 41.58 | 38.49 |
August 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.73
= 41.80
The days of sales outstanding (DSO) for Unifirst Corporation have shown a fluctuating trend over the past five years. In the most recent fiscal year ending on August 31, 2024, the DSO was 41.80 days, representing a decrease from the previous year's 45.48 days. This indicates that the company took fewer days to collect its accounts receivable in 2024 compared to 2023.
Looking further back, in 2022 and 2021, the DSO stood at 45.40 days and 41.58 days respectively, showing a slight increase between these two years. Notably, the DSO was the lowest at 38.49 days in 2020, suggesting that the company was more efficient in collecting its receivables during that period.
Overall, while there have been fluctuations in Unifirst Corporation's DSO over the past five years, the recent decline in 2024 may indicate improved efficiency in managing accounts receivable and cash flow. This trend is a positive signal for the company's financial health and liquidity position.
Peer comparison
Aug 31, 2024