United Natural Foods Inc (UNFI)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.33 | 8.88 | 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 |
| Receivables turnover | 31.27 | 30.11 | 29.53 | 29.03 | 33.19 | 29.82 | 29.48 | 21.37 | 23.42 | 22.75 | 21.99 | 21.44 | 23.89 | — | 23.55 | 22.61 | 23.21 | — | — | — |
| 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 |
| Working capital turnover | 29.88 | 25.24 | 24.19 | 21.86 | 28.48 | 24.27 | 22.18 | 16.39 | 20.93 | 17.82 | 21.12 | 20.41 | 25.15 | 20.20 | 20.03 | 17.07 | 19.81 | 21.26 | 17.41 | 16.02 |
United Natural Foods Inc's inventory turnover has shown positive performance over the analyzed period, indicating the company's efficiency in managing its inventory. The average inventory turnover ratio stands at around 9.41. Receivables turnover has been relatively stable, showing consistent collection of receivables. The average receivables turnover ratio is approximately 26.11.
Payables turnover has varied but generally remains at a reasonable level, with an average ratio of around 12.95. This suggests that the company is effectively managing its accounts payable.
Working capital turnover has been consistently strong, reflecting the company's ability to generate revenue relative to its working capital. The average working capital turnover ratio is approximately 22.89.
Overall, United Natural Foods Inc's activity ratios indicate solid operational efficiency and effective management of working capital components.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 29.59 | 41.10 | 42.52 | 48.72 | 42.36 | 34.66 | 35.69 | 39.79 | 34.66 | 38.46 | 37.34 | 39.78 | 35.60 | 36.11 | 34.59 | 50.72 | 48.17 | 41.82 | 46.62 | 38.65 |
| Days of sales outstanding (DSO) | days | 11.67 | 12.12 | 12.36 | 12.57 | 11.00 | 12.24 | 12.38 | 17.08 | 15.58 | 16.04 | 16.60 | 17.02 | 15.28 | — | 15.50 | 16.14 | 15.73 | — | — | — |
| Number of days of payables | days | 22.93 | 30.88 | 31.68 | 35.58 | 32.92 | 25.83 | 25.53 | 27.77 | 25.64 | 25.77 | 26.74 | 29.73 | 26.04 | 25.19 | 25.12 | 35.86 | 34.49 | 35.44 | 31.95 | 26.70 |
United Natural Foods Inc has shown fluctuations in its activity ratios over the past several quarters. In terms of days of inventory on hand (DOH), the company has been able to reduce this metric from a high of 50.72 days in Q3 of 2020 to 29.59 days in Q3 of 2024, indicating improvement in managing inventory levels efficiently.
Days of sales outstanding (DSO) have also shown some variability, with a decreasing trend from 17.08 days in Q4 of 2022 to 11.67 days in Q3 of 2024, suggesting that the company is collecting receivables more quickly.
On the other hand, the number of days of payables has been relatively stable, hovering between 22.93 days and 35.58 days over the analyzed periods. This indicates that the company has been consistent in its payment practices to suppliers.
Overall, the decreasing trend in DOH and DSO ratios, combined with stable days of payables, suggests that United Natural Foods Inc has been effective in managing its working capital and improving its overall efficiency in inventory, accounts receivable, and accounts payable management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 17.18 | 16.95 | 17.06 | 17.29 | 17.05 | 17.31 | 17.36 | 17.47 | 17.09 | 17.31 | 15.67 | 15.32 | 14.98 | 15.56 | 16.23 | 16.08 | 15.55 | 17.27 | 17.29 | 16.82 |
| Total asset turnover | 4.12 | 3.97 | 3.93 | 3.84 | 4.08 | 3.93 | 3.91 | 3.59 | 3.79 | 3.60 | 3.54 | 3.39 | 3.55 | 3.55 | 3.62 | 3.43 | 3.49 | 3.44 | 3.31 | 3.16 |
United Natural Foods Inc has shown consistent and strong performance in utilizing its fixed assets efficiently over the periods analyzed, with a high fixed asset turnover ratio ranging between 15.32 and 17.47. This indicates that the company generates significant revenue from its fixed assets, such as property, plant, and equipment.
In terms of total asset turnover, the company has also demonstrated a stable performance, with ratios fluctuating between 3.16 and 4.12. This suggests that United Natural Foods efficiently generates revenue relative to its total assets, including both fixed and current assets.
Overall, both the fixed asset turnover and total asset turnover ratios indicate that United Natural Foods Inc effectively utilizes its assets to generate sales revenue. The company's ability to efficiently manage its assets is essential for maintaining profitability and competitiveness in the market.