Unifirst Corporation (UNF)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,769,844 | 1,741,215 |
| Property, plant and equipment | US$ in thousands | 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 | 565,715 | 554,187 |
| Fixed asset turnover | 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 | 3.13 | 3.14 |
February 24, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,365,112K ÷ $772,223K
= 3.06
The fixed asset turnover ratio for Unifirst Corporation has shown relatively stable performance over the past few years, fluctuating between 2.95 and 3.21. This ratio indicates how efficiently the company is generating revenue from its investment in fixed assets.
The consistent range of values around 3.0 suggests that Unifirst Corporation is effectively utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio indicates that the company is efficiently using its assets to generate revenue, which is favorable from an investor's perspective.
However, it is important to note that a fixed asset turnover ratio alone may not provide a complete picture of the company's financial health. It should be analyzed in conjunction with other financial ratios and factors to assess the overall performance and efficiency of the company.
Peer comparison
Feb 24, 2024