Unifirst Corporation (UNF)
Payables 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 |
| Payables | US$ in thousands | 92,509 | 86,273 | 86,318 | 86,315 | 92,730 | 80,556 | 85,239 | 82,131 | 80,341 | 84,517 | 77,919 | 81,356 | 69,553 | 61,177 | 60,268 | 64,035 | 57,701 | 71,172 | 71,416 | 77,918 |
| 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 |
August 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,579,835K ÷ $92,509K
= 17.08
The payables turnover ratio for Unifirst Corporation has displayed fluctuations over the past few periods with values ranging from 14.03 to 20.70. The trend indicates that the company is effectively managing its accounts payable by converting them into payments to suppliers multiple times within a given period. Higher values of the payables turnover ratio suggest that the company is efficiently managing its payables by paying suppliers more frequently, which can help in maintaining good relationships with them. In contrast, lower values may indicate potential liquidity issues or inefficiencies in managing supplier payments. Overall, the fluctuations in the payables turnover ratio for Unifirst Corporation suggest varying levels of effectiveness in managing its accounts payable over the analyzed periods.
Peer comparison
Aug 31, 2024