United Natural Foods Inc (UNFI)
Inventory turnover
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 26,875,000 | 26,191,000 | 24,801,000 | 23,055,000 | 22,855,000 |
| Inventory | US$ in thousands | 2,179,000 | 2,292,000 | 2,355,000 | 2,247,000 | 2,282,000 |
| Inventory turnover | 12.33 | 11.43 | 10.53 | 10.26 | 10.02 |
August 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $26,875,000K ÷ $2,179,000K
= 12.33
United Natural Foods Inc has shown a consistent improvement in its inventory turnover ratio over the past five years, with the ratio increasing from 10.02 in 2020 to 12.33 in 2024. This indicates that the company is more efficient in managing its inventory levels and converting its inventory into sales within a shorter period. A higher inventory turnover ratio generally signifies effective inventory management and optimal sales performance. This trend suggests that United Natural Foods Inc has been able to minimize excess inventory and sell products quickly, potentially leading to improved profitability and cash flow.
Peer comparison
Aug 3, 2024