Unifirst Corporation (UNF)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,570,439 | 1,528,220 | 1,481,296 | 1,395,373 | 1,350,293 | 1,306,451 | 1,258,994 | 1,210,966 | 1,175,605 | 1,141,275 | 1,122,831 | 1,139,449 | 1,151,416 | 1,164,932 | 1,194,535 | 1,171,212 | 1,151,462 | 1,139,195 | 1,109,149 | 1,096,395 |
| Inventory | US$ in thousands | 158,279 | 148,513 | 148,334 | 150,907 | 143,430 | 151,459 | 151,741 | 160,835 | 158,111 | 143,591 | 120,337 | 110,701 | 104,525 | 106,269 | 104,503 | 94,875 | 99,794 | 100,916 | 94,921 | 95,706 |
| Inventory turnover | 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 | 11.68 | 11.46 |
February 24, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,570,439K ÷ $158,279K
= 9.92
Over the analyzed period, Unifirst Corporation's inventory turnover ratio has shown some fluctuations. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times it sells and replaces its inventory within a specific time frame.
The trend in Unifirst Corporation's inventory turnover ratio indicates that the company has been effectively managing its inventory turnover. Higher inventory turnover ratios generally indicate that a company is selling its products quickly and efficiently.
In the most recent period, Unifirst Corporation's inventory turnover ratio was 9.92, indicating that the company turned over its inventory approximately 9.92 times during the year. This suggests that Unifirst Corporation is efficiently managing its inventory levels.
On average, over the analyzed period, Unifirst Corporation's inventory turnover ratio was around 10. This suggests that the company typically sells and replenishes its inventory about 10 times a year, reflecting strong inventory management practices.
Overall, Unifirst Corporation's inventory turnover ratio demonstrates that the company has been effectively managing its inventory levels to support its operations and ensure efficient sales cycles.
Peer comparison
Feb 24, 2024
Feb 24, 2024