United Natural Foods Inc (UNFI)
Payables 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 |
| Payables | US$ in thousands | 1,688,000 | 1,677,000 | 1,722,000 | 1,934,000 | 1,781,000 | 1,837,000 | 1,797,000 | 1,924,000 | 1,742,000 | 1,715,000 | 1,737,000 | 1,896,000 | 1,644,000 | 1,600,000 | 1,618,290 | 1,729,790 | 1,634,000 | 1,716,260 | 1,462,840 | 1,606,470 |
| Payables turnover | 15.92 | 11.82 | 11.52 | 10.26 | 11.09 | 14.13 | 14.30 | 13.14 | 14.24 | 14.16 | 13.65 | 12.28 | 14.01 | 14.49 | 14.53 | 10.18 | 10.58 | 10.30 | 11.43 | 13.67 |
August 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $26,875,000K ÷ $1,688,000K
= 15.92
United Natural Foods Inc's payables turnover ratio has shown some fluctuations over the past several quarters. The payables turnover ratio measures how efficiently a company is managing its accounts payables by comparing total purchases to average accounts payables.
The payables turnover ratio for United Natural Foods Inc ranged from a low of 10.18 to a high of 15.92 during the period analyzed. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly, while a lower ratio suggests a longer payment period.
The company's payables turnover has generally been above 10, indicating that United Natural Foods Inc is effectively managing its payables and paying its suppliers in a timely manner. The fluctuations in the ratio may be influenced by factors such as changes in purchasing patterns, supplier relations, or payment terms negotiated with vendors.
Overall, the trend in United Natural Foods Inc's payables turnover ratio suggests that the company has been maintaining a reasonable balance between managing its payables efficiently and maintaining positive supplier relationships. Further analysis and comparison with industry benchmarks could provide more insights into the company's performance in this area.
Peer comparison
Aug 3, 2024