Unifirst Corporation (UNF)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 18.19 | 17.71 | 15.97 | 17.32 | 15.84 | 15.91 | 15.67 | 14.33 | 15.09 | 14.03 | 16.14 | 18.63 | 19.10 | 18.19 | 20.70 | 16.46 | 16.12 | 14.62 | 16.56 | 15.75 | |
| Number of days of payables | days | 20.06 | 20.62 | 22.85 | 21.07 | 23.04 | 22.95 | 23.29 | 25.47 | 24.19 | 26.02 | 22.61 | 19.60 | 19.11 | 20.06 | 17.63 | 22.18 | 22.64 | 24.97 | 22.05 | 23.17 |
February 24, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.19
= 20.06
To analyze Unifirst Corporation's number of days of payables, we can calculate the average number of days it takes for the company to pay its suppliers based on the data provided.
Calculating the average days of payables over the period from Feb 2019 to Feb 2024, we find that the average number of days of payables for Unifirst Corporation is approximately 21.74 days.
This indicates that, on average, Unifirst Corporation takes around 21.74 days to pay its suppliers. A lower number of days of payables suggests that the company is managing its accounts payable efficiently and potentially taking advantage of credit terms with suppliers. A higher number of days of payables could indicate liquidity issues or potential strain on supplier relationships.
It is important for stakeholders to continue monitoring this ratio over time to identify any trends or deviations that may impact the company's financial health and operational efficiency.
Peer comparison
Feb 24, 2024