Unifirst Corporation (UNF)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,434,673 | 2,424,124 | 2,365,112 | 2,318,618 | 2,239,785 | 2,119,703 | 2,061,428 | 2,003,673 | 1,951,889 | 1,904,995 | 1,868,175 | 1,828,779 | 1,791,680 | 1,773,258 | 1,789,406 | 1,809,749 | 1,860,727 | 1,870,168 | 1,842,887 | 1,815,402 |
| Property, plant and equipment | US$ in thousands | 801,612 | 790,031 | 772,223 | 766,532 | 756,540 | 685,182 | 681,099 | 665,119 | 640,810 | 627,924 | 623,785 | 617,719 | 606,663 | 599,144 | 598,719 | 582,470 | 584,299 | 582,753 | 574,394 | 574,509 |
| Fixed asset turnover | 3.04 | 3.07 | 3.06 | 3.02 | 2.96 | 3.09 | 3.03 | 3.01 | 3.05 | 3.03 | 2.99 | 2.96 | 2.95 | 2.96 | 2.99 | 3.11 | 3.18 | 3.21 | 3.21 | 3.16 |
August 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,434,673K ÷ $801,612K
= 3.04
The fixed asset turnover ratio for Unifirst Corporation has been relatively stable over the past few years, ranging between 2.95 and 3.21. This ratio indicates that Unifirst is generating revenue efficiently from its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets effectively to generate sales.
The average fixed asset turnover ratio for Unifirst Corporation during this period is approximately 3.05, indicating that for every dollar invested in fixed assets, the company generates around $3.05 in sales. This consistent performance reflects the company's ability to efficiently manage and utilize its fixed assets to drive revenue generation.
Overall, the fixed asset turnover ratio trend for Unifirst Corporation is positive, showcasing the company's ability to effectively utilize its fixed assets to generate revenue.
Peer comparison
Aug 31, 2024