United Natural Foods Inc (UNFI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 30,984,000 | 30,111,000 | 30,120,000 | 30,161,000 | 30,134,000 | 30,025,000 | 29,834,000 | 29,424,000 | 28,879,000 | 28,351,000 | 27,643,000 | 27,106,460 | 26,729,410 | 26,680,080 | 27,135,800 | 26,732,720 | 26,449,380 | 26,491,000 | 25,421,900 | 25,139,730 |
| Receivables | US$ in thousands | 991,000 | 1,000,000 | 1,020,000 | 1,039,000 | 908,000 | 1,007,000 | 1,012,000 | 1,377,000 | 1,233,000 | 1,246,000 | 1,257,000 | 1,264,000 | 1,119,000 | — | 1,152,500 | 1,182,270 | 1,139,630 | — | — | — |
| 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 | — | — | — |
August 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $30,984,000K ÷ $991,000K
= 31.27
The receivables turnover of United Natural Foods Inc has shown a consistent trend over the past few quarters. The ratio has been relatively stable, ranging from 21.37 to 33.19. This indicates that the company is efficient at collecting outstanding receivables, with an average of approximately 25.67 times per year. A higher turnover ratio suggests that the company is collecting its accounts receivables more frequently during the year, which is generally a positive sign of liquidity and efficient credit management. It is important to note that a receivables turnover ratio of more than 30 times in this case might imply stricter credit terms or timely collections, whereas a ratio closer to 20 times could indicate a more lenient credit policy. Overall, the consistent and relatively high receivables turnover ratio for United Natural Foods Inc reflects a favorable financial position in terms of managing its accounts receivables effectively.
Peer comparison
Aug 3, 2024