United Natural Foods Inc (UNFI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 21,711,280 | 17,572,240 |
| Receivables | US$ in thousands | 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 | — | — | — | 1,088,960 | 1,066,830 |
| Receivables turnover | 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 | — | — | — | 19.94 | 16.47 |
January 27, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $30,120,000K ÷ $1,020,000K
= 29.53
The receivables turnover of United Natural Foods Inc. has shown some variability over the past eight quarters. In Q4 2022, the company had a receivables turnover of 23.83, which increased to 30.10 in Q2 2023 before slightly decreasing in subsequent quarters. The highest receivables turnover was observed in Q4 2023 at 34.05, indicating the company was collecting its accounts receivable more efficiently compared to previous quarters.
Overall, the company's receivables turnover has generally been on an upward trend since Q1 2023, suggesting improvements in the efficiency of collecting outstanding payments from customers. The increasing trend in receivables turnover indicates that the company is managing its accounts receivable more effectively, which is a positive sign for its financial health and liquidity.
Peer comparison
Jan 27, 2024