Unifirst Corporation (UNF)
Total asset 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 |
| Total assets | US$ in thousands | 2,696,410 | 2,651,420 | 2,620,950 | 2,602,050 | 2,569,980 | 2,454,320 | 2,450,750 | 2,427,970 | 2,410,820 | 2,412,600 | 2,397,510 | 2,381,060 | 2,335,920 | 2,275,760 | 2,234,160 | 2,199,030 | 2,153,270 | 2,152,860 | 2,123,580 | 2,047,320 |
| Total asset turnover | 0.90 | 0.91 | 0.90 | 0.89 | 0.87 | 0.86 | 0.84 | 0.83 | 0.81 | 0.79 | 0.78 | 0.77 | 0.77 | 0.78 | 0.80 | 0.82 | 0.86 | 0.87 | 0.87 | 0.89 |
August 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,434,673K ÷ $2,696,410K
= 0.90
Unifirst Corporation's total asset turnover ratio has shown relatively consistent performance over the past few years, ranging from 0.77 to 0.91. The ratio measures the company's efficiency in generating sales revenue from its assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
In the most recent period, the total asset turnover stood at 0.90, suggesting that for every dollar of assets, the company generated $0.90 in sales. This indicates that Unifirst Corporation has been maintaining a decent level of efficiency in utilizing its assets to generate revenue.
The trend of total asset turnover has been relatively stable, with minor fluctuations within the range of 0.77 to 0.91. This consistency indicates that the company has been managing its assets efficiently over the years.
Overall, the total asset turnover ratio for Unifirst Corporation reflects a consistent level of operational efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Aug 31, 2024