United Natural Foods Inc (UNFI)
Payables 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 |
| Payables | US$ in thousands | 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 | 1,532,310 | 1,472,250 |
| Payables turnover | 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 | 12.39 | 10.24 |
January 27, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $19,837,000K ÷ $1,722,000K
= 11.52
United Natural Foods Inc.'s payables turnover has been relatively stable over the past eight quarters, ranging from 13.11 to 15.23. Payables turnover measures how efficiently a company is managing its accounts payable by calculating how many times a company pays off its accounts payable balance during a specific period.
A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which may imply strong cash flow management or favorable credit terms. Conversely, a lower payables turnover ratio could suggest that the company is taking longer to settle its payables.
In the case of United Natural Foods Inc., the payables turnover ratio has been consistently high, averaging around 14.28 over the past eight quarters. This indicates that the company is efficiently managing its accounts payable by paying off its suppliers more frequently, which can be a positive sign of effective working capital management and healthy supplier relationships.
Overall, United Natural Foods Inc.'s payables turnover ratio suggests that the company is effectively managing its accounts payable and maintaining healthy relationships with its suppliers. Continued monitoring of this ratio can provide insights into the company's liquidity and operational efficiency.
Peer comparison
Jan 27, 2024