United Natural Foods Inc (UNFI)
Total asset 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 |
| Total assets | US$ in thousands | 7,528,000 | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 |
| Total asset turnover | 4.12 | 4.08 | 3.78 | 3.56 | 3.47 |
August 3, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $30,984,000K ÷ $7,528,000K
= 4.12
United Natural Foods Inc's total asset turnover has shown a positive trend over the past five years, increasing from 3.47 in August 2020 to 4.12 in August 2024. This indicates that the company has been able to generate more sales relative to its total assets, which is a positive sign of efficiency in asset utilization.
The consistently high total asset turnover ratios suggest that the company is effectively using its assets to generate revenue. A total asset turnover of 4.12 in August 2024 signifies that for every dollar of assets held by the company, it generates $4.12 in sales. This indicates strong operational efficiency and effective management of assets to drive revenue generation.
Overall, the increasing trend in total asset turnover for United Natural Foods Inc reflects the company's ability to efficiently utilize its assets to generate sales, indicating strong operational performance and asset management strategies.
Peer comparison
Aug 3, 2024