United Natural Foods Inc (UNFI)
Number of days of payables
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.71 | 14.24 | 14.02 | 13.99 | 12.77 | |
| Number of days of payables | days | 24.82 | 25.64 | 26.03 | 26.10 | 28.57 |
July 29, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.71
= 24.82
The number of days of payables for United Natural Foods Inc. has shown a declining trend over the past five years, decreasing from 28.98 days in 2019 to 24.87 days in 2023. This indicates that the company is taking fewer days to pay its suppliers and vendors, which can be viewed as a positive sign in terms of managing its working capital and cash flow. A decreasing number of days of payables may also suggest improved efficiency in managing its payables and relationships with suppliers, potentially leading to better negotiation power and cost savings. However, it's important to monitor this trend to ensure that the company is maintaining healthy and sustainable relationships with its suppliers.
Peer comparison
Jul 29, 2023