United Natural Foods Inc (UNFI)
Days of inventory on hand (DOH)
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.58 | 7.49 | 8.62 | 10.53 | 10.23 | 9.17 | 10.53 | 9.49 | 9.77 | 9.18 | 10.25 | 10.11 | 10.55 | 7.20 | 7.58 | 8.73 | 7.83 | 9.44 | 8.67 | 6.81 | |
| DOH | days | 42.52 | 48.72 | 42.36 | 34.66 | 35.69 | 39.79 | 34.66 | 38.46 | 37.34 | 39.78 | 35.60 | 36.11 | 34.59 | 50.72 | 48.17 | 41.82 | 46.62 | 38.65 | 42.10 | 53.60 |
January 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.58
= 42.52
United Natural Foods Inc.'s days of inventory on hand (DOH) has shown some fluctuations over the past eight quarters. In Q2 2024, the company had 32.17 days of inventory on hand, which decreased from 36.85 days in Q1 2024. This reduction indicates that the company was more efficient in managing its inventory levels during the quarter.
Comparing Q2 2024 to the same period in the previous year, there was a slight improvement as the DOH decreased from 35.77 days in Q2 2023 to 32.17 days in Q2 2024. This improvement suggests that United Natural Foods Inc. was able to convert its inventory into sales at a faster rate in the most recent quarter.
However, it is important to note that while the DOH has decreased from the prior quarter, it is still higher than the levels seen in Q4 2022 and Q3 2024. This indicates that the company may still have opportunities to further optimize its inventory management practices and reduce excess inventory levels to improve its operational efficiency and working capital management.
Overall, United Natural Foods Inc.'s DOH trend reflects some variability over the quarters, with recent improvements suggesting a positive direction in inventory management. The company may benefit from continued efforts to fine-tune its inventory control processes to enhance profitability and liquidity.
Peer comparison
Jan 27, 2024