Unifirst Corporation (UNF)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,434,673 | 2,424,124 | 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 |
| Receivables | US$ in thousands | 278,851 | 284,363 | 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 |
| Receivables turnover | 8.73 | 8.52 | 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 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,434,673K ÷ $278,851K
= 8.73
The receivables turnover for Unifirst Corporation has shown a consistent and relatively stable trend over the past several periods, ranging between 7.56 and 9.48 times. The average receivables turnover is approximately 8.38 times. This indicates that, on average, Unifirst Corporation collects its accounts receivable approximately 8.38 times within a given period.
A higher receivables turnover ratio generally suggests that the company is efficient in collecting outstanding receivables from its customers. The trend of Unifirst's receivables turnover hovering around the 8 times mark indicates that the company has been able to maintain a consistent level of efficiency in this aspect of its operations.
However, it is important to note that receivables turnover should be analyzed in conjunction with other financial metrics to get a more comprehensive understanding of the company's overall financial health. Additionally, trends in receivables turnover should be monitored over time to identify any potential shifts in the company's collection practices or customer credit quality.
Peer comparison
Aug 31, 2024