United Natural Foods Inc (UNFI)
Inventory turnover
| Aug 3, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 26,875,000 | 19,824,000 | 19,837,000 | 19,840,000 | 19,748,000 | 25,958,000 | 25,691,000 | 25,284,000 | 24,801,000 | 24,288,000 | 23,714,000 | 23,277,030 | 23,039,530 | 23,183,750 | 23,516,930 | 17,606,500 | 17,292,790 | 17,678,390 | 16,713,660 | 21,958,180 |
| Inventory | US$ in thousands | 2,179,000 | 2,232,000 | 2,311,000 | 2,648,000 | 2,292,000 | 2,465,000 | 2,512,000 | 2,756,000 | 2,355,000 | 2,559,000 | 2,426,000 | 2,537,000 | 2,247,000 | 2,293,880 | 2,228,770 | 2,446,600 | 2,282,000 | 2,025,690 | 2,134,900 | 2,324,980 |
| Inventory turnover | 12.33 | 8.88 | 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 |
August 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $26,875,000K ÷ $2,179,000K
= 12.33
Inventory turnover measures the efficiency with which a company manages its inventory by indicating how quickly inventory is sold and replaced over a certain period. For United Natural Foods Inc, the inventory turnover ratio has fluctuated over the past several quarters, ranging from a low of 7.20 to a high of 12.33.
The average inventory turnover ratio for United Natural Foods Inc over this period is approximately 9.35. This means that on average, the company sold and replaced its inventory about 9.35 times per year. A higher inventory turnover ratio generally indicates that the company is effectively managing its inventory levels and is efficient in converting stock into sales.
The trend in United Natural Foods Inc's inventory turnover ratios shows some variability, with fluctuations observed from quarter to quarter. This variability may be influenced by seasonal factors, changes in consumer demand, or the company's inventory management practices.
Overall, United Natural Foods Inc's inventory turnover ratio suggests that the company is actively selling and replenishing its inventory, which could reflect efficient inventory management strategies. However, the company may benefit from further analysis to understand the factors driving the fluctuations in the inventory turnover ratio and to identify potential areas for improvement in managing its inventory effectively.
Peer comparison
Aug 3, 2024
Aug 3, 2024