United Natural Foods Inc (UNFI)
Receivables turnover
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,984,000 | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 |
| Receivables | US$ in thousands | 991,000 | 908,000 | 1,233,000 | 1,119,000 | 1,139,630 |
| Receivables turnover | 31.27 | 33.19 | 23.40 | 23.91 | 23.08 |
August 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $30,984,000K ÷ $991,000K
= 31.27
The receivables turnover ratio for United Natural Foods Inc has varied over the past five years. The company's ability to collect its accounts receivable improved from 2020 to 2021, as the ratio increased from 23.08 to 23.91. However, there was a slight decrease in the receivables turnover ratio in 2022, dropping to 23.40.
The most significant improvement in receivables turnover occurred in 2023, when the ratio jumped to 33.19, indicating that the company was able to collect its receivables more efficiently during that period. This positive trend continued into 2024, with the receivables turnover ratio further increasing to 31.27.
Overall, the upward trend in the receivables turnover ratio suggests that United Natural Foods Inc has been effectively managing its accounts receivable and converting them into cash more quickly in recent years. This improvement is a positive sign of the company's financial health and operational efficiency.
Peer comparison
Aug 3, 2024