Unifirst Corporation (UNF)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,579,835 | 1,591,787 | 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 |
| Inventory | US$ in thousands | 156,908 | 161,487 | 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 |
| Inventory turnover | 10.07 | 9.86 | 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 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,579,835K ÷ $156,908K
= 10.07
The inventory turnover of Unifirst Corporation has been relatively stable over the past few years, ranging between 7.44 and 12.34 times. The company's inventory turnover ratio peaked at 12.34 times on Feb 29, 2020, indicating that the company effectively turned over its inventory more than 12 times during that period. This high turnover rate suggests that Unifirst is efficiently managing its inventory levels, selling goods quickly, and replenishing stock efficiently.
While there have been slight fluctuations in the inventory turnover ratio, the overall trend shows that Unifirst Corporation has maintained a healthy turnover rate, which is indicative of effective inventory management practices. This consistent performance in inventory turnover reflects positively on the company's operational efficiency and liquidity management.
Peer comparison
Aug 31, 2024
Aug 31, 2024