United Natural Foods Inc (UNFI)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	30,120,000	30,161,000	30,134,000	30,025,000	29,834,000	29,424,000	28,879,000	28,351,000	27,643,000	27,106,460	26,729,410	26,680,080	27,135,800	26,732,720	26,449,380	26,491,000	25,421,900	25,139,730	21,711,280	17,572,240
Property, plant and equipment	US$ in thousands	1,766,000	1,744,000	1,767,000	1,735,000	1,719,000	1,684,000	1,690,000	1,638,000	1,764,000	1,769,000	1,784,000	1,715,030	1,671,760	1,662,660	1,701,000	1,534,270	1,470,700	1,494,310	1,639,260	1,648,160
Fixed asset turnover		17.06	17.29	17.05	17.31	17.36	17.47	17.09	17.31	15.67	15.32	14.98	15.56	16.23	16.08	15.55	17.27	17.29	16.82	13.24	10.66

January 27, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $30,120,000K ÷ $1,766,000K
= 17.06

United Natural Foods Inc. has maintained a stable fixed asset turnover ratio over the past eight quarters, ranging from 17.12 to 17.50. This indicates that the company is generating approximately $17 of revenue for every dollar invested in fixed assets. The consistent high ratio suggests that the company efficiently utilizes its fixed assets to generate sales. This stability in fixed asset turnover reflects a consistent operational efficiency in utilizing fixed assets to drive revenue growth.

Peer comparison

Jan 27, 2024

Company name

Symbol

Fixed asset turnover

United Natural Foods Inc

UNFI

17.06

Performance Food Group Co

The Chefs Warehouse Inc

CHEF

15.80