United Natural Foods Inc (UNFI)
Payables 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 |
| Payables | US$ in thousands | 1,688,000 | 1,781,000 | 1,742,000 | 1,644,000 | 1,634,000 |
| Payables turnover | 15.92 | 14.71 | 14.24 | 14.02 | 13.99 |
August 3, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $26,875,000K ÷ $1,688,000K
= 15.92
United Natural Foods Inc's payables turnover ratio has been consistently increasing over the past five years. The company's ability to efficiently manage its accounts payables has improved from 13.99 in 2020 to 15.92 in 2024. This indicates that United Natural Foods Inc is paying off its suppliers more frequently each year, which is a positive sign as it shows its ability to effectively manage its working capital and maintain good relationships with its suppliers. Overall, the increasing trend in payables turnover reflects the company's strong financial management practices in this aspect.
Peer comparison
Aug 3, 2024
Company name
Symbol
Payables turnover
United Natural Foods Inc
UNFI
15.92
Performance Food Group Co
PFGC
—
SpartanNash Co
SPTN
17.41
The Chefs Warehouse Inc
CHEF
16.75