Unifirst Corporation (UNF)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.08 | 18.45 | 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 | |
| Number of days of payables | days | 21.37 | 19.78 | 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 |
August 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.08
= 21.37
The number of days of payables for Unifirst Corporation has displayed some fluctuations over the past few years. On average, the company takes around 21 to 26 days to pay off its payables to creditors. The trend seems to indicate some variability, with occasional peaks and dips in the number of days of payables. This suggests that Unifirst Corporation's payment policies may not be consistently stable. It is essential for the company to closely monitor and manage its payables effectively to ensure smooth cash flow and maintain positive relationships with suppliers.
Peer comparison
Aug 31, 2024
Company name
Symbol
Number of days of payables
Unifirst Corporation
UNF
21.37
H&R Block Inc
HRB
—
Service Corporation International
SCI
—
Yelp Inc
YELP
4.71