United Natural Foods Inc (UNFI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 18,992,180 | 15,082,090 |
| Inventory | US$ in thousands | 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 | 2,190,680 | 2,214,950 |
| 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 |
January 27, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $19,837,000K ÷ $2,311,000K
= 8.58
United Natural Foods Inc.'s inventory turnover has been relatively stable over the past eight quarters, ranging from a low of 9.15 to a high of 11.41. This indicates that the company is effectively managing its inventory levels and converting inventory into sales efficiently. The average inventory turnover ratio for the period is approximately 10.45.
A higher inventory turnover ratio signifies that the company is selling its products quickly, which is generally positive as it reduces the risk of holding excess or obsolete inventory. However, it could also indicate that the company is facing challenges in managing its inventory levels effectively or could be experiencing strong demand for its products.
On the other hand, a lower inventory turnover ratio may suggest that the company is struggling to sell its inventory, which could lead to potential liquidity issues or write-downs of obsolete inventory.
Overall, United Natural Foods Inc. has demonstrated solid inventory turnover performance, reflecting effective management of its inventory levels and potentially strong demand for its products during the analyzed period.
Peer comparison
Jan 27, 2024
Jan 27, 2024