United Natural Foods Inc (UNFI)
Days of inventory on hand (DOH)
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 11.43 | 10.53 | 10.26 | 10.02 | 8.94 | |
| DOH | days | 31.94 | 34.66 | 35.57 | 36.44 | 40.85 |
July 29, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.43
= 31.94
The days of inventory on hand (DOH) for United Natural Foods Inc. has exhibited a downward trend over the past five years, decreasing from 41.00 days in 2019 to 32.00 days in 2023. This suggests that the company has been more effective in managing its inventory levels, potentially leading to lower carrying costs and improved cash flow. A decreasing DOH can also indicate better inventory turnover, which is favorable for overall operational efficiency. Overall, the declining trend in DOH reflects positively on the company's inventory management and operational performance.
Peer comparison
Jul 29, 2023
Company name
Symbol
DOH
United Natural Foods Inc
UNFI
31.94
Performance Food Group Co
PFGC
24.05
SpartanNash Co
SPTN
25.47
The Chefs Warehouse Inc
CHEF
30.91