Unifirst Corporation (UNF)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,365,112 | 2,318,618 | 2,239,785 | 2,119,703 | 2,061,428 | 2,003,673 | 1,951,889 | 1,904,995 | 1,868,175 | 1,828,779 | 1,791,680 | 1,773,258 | 1,789,406 | 1,809,749 | 1,860,727 | 1,870,168 | 1,842,887 | 1,815,402 | 1,769,844 | 1,741,215 |
| Receivables | US$ in thousands | 291,784 | 299,494 | 279,078 | 276,560 | 272,836 | 249,198 | 241,160 | 237,237 | 233,576 | 208,331 | 200,136 | 204,068 | 209,916 | 190,916 | 200,110 | 209,878 | 217,884 | 203,457 | 203,385 | 203,163 |
| Receivables turnover | 8.11 | 7.74 | 8.03 | 7.66 | 7.56 | 8.04 | 8.09 | 8.03 | 8.00 | 8.78 | 8.95 | 8.69 | 8.52 | 9.48 | 9.30 | 8.91 | 8.46 | 8.92 | 8.70 | 8.57 |
February 24, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,365,112K ÷ $291,784K
= 8.11
The receivables turnover ratio for Unifirst Corporation has been relatively stable over the past few years, ranging from 7.56 to 9.48 times. This ratio measures how efficiently the company is able to collect cash from its credit sales within a given period. A higher receivables turnover indicates that the company is collecting its accounts receivable more quickly.
In the most recent period, the receivables turnover was 8.11, which suggests that Unifirst Corporation collected its receivables approximately 8.11 times during the year. This indicates a strong ability to efficiently manage its accounts receivable and convert them into cash.
When compared to previous periods, the receivables turnover has been relatively consistent, hovering around the 8.00 to 9.00 range. This stability suggests that Unifirst Corporation has been effectively managing its credit sales and collecting cash from its customers in a timely manner.
Overall, the trend in Unifirst Corporation's receivables turnover ratio indicates that the company has a good track record of efficiently managing its accounts receivable, which is a positive signal for its overall financial health and liquidity.
Peer comparison
Feb 24, 2024