Unifirst Corporation (UNF)
Inventory turnover
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,579,840 | 1,481,300 | 1,306,450 | 1,141,280 | 1,164,930 |
| Inventory | US$ in thousands | 156,908 | 148,334 | 151,459 | 143,591 | 106,269 |
| Inventory turnover | 10.07 | 9.99 | 8.63 | 7.95 | 10.96 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,579,840K ÷ $156,908K
= 10.07
The inventory turnover for Unifirst Corporation has shown a fluctuating trend over the past five years. In 2024, the inventory turnover ratio reached 10.07, indicating that the company's inventory was turned over approximately 10.07 times during the year. This represents an increase compared to the previous year's ratio of 9.99.
Looking back further, the inventory turnover ratio was 8.63 in 2022 and 7.95 in 2021, showing a decreasing trend during those years. However, in 2020, the ratio rebounded to 10.96, which was higher than the most recent year but lower than the current year.
Overall, the inventory turnover ratio for Unifirst Corporation has shown variability, with some fluctuations in the efficiency of managing its inventory levels in recent years. An increasing ratio indicates that the company is selling its inventory at a faster rate, which can be a positive sign of effective inventory management and sales operations.
Peer comparison
Aug 31, 2024