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

Company name
Symbol
Total asset turnover
Unifirst Corporation
UNF
0.90
H&R Block Inc
HRB
1.10
Service Corporation International
SCI
0.25
Yelp Inc
YELP
1.33