United Natural Foods Inc (UNFI)
Total asset 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 |
| Total assets | US$ in thousands | 7,671,000 | 7,848,000 | 7,394,000 | 7,641,000 | 7,635,000 | 8,199,000 | 7,628,000 | 7,878,000 | 7,801,000 | 7,999,000 | 7,525,000 | 7,520,820 | 7,490,140 | 7,783,600 | 7,587,000 | 7,700,770 | 7,682,430 | 7,963,520 | 7,174,340 | 7,327,220 |
| Total asset turnover | 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 | 3.03 | 2.40 |
January 27, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,120,000K ÷ $7,671,000K
= 3.93
United Natural Foods Inc. has maintained relatively stable total asset turnover ratios over the past eight quarters. The company's total asset turnover ratio has ranged from 3.59 to 4.09 during this period. The highest ratio of 4.09 was recorded in Q4 2023, indicating that the company generated $4.09 in sales for every dollar of total assets invested. This suggests efficient utilization of its assets to generate revenue.
Overall, the company's total asset turnover has been consistently above 3, reflecting the firm's ability to efficiently generate sales revenue relative to its total asset base. This indicates effective management of assets to drive revenue growth. A high total asset turnover ratio is desirable as it signifies that the company is utilizing its assets efficiently to generate sales, which is a key indicator of operational efficiency and profitability.
Peer comparison
Jan 27, 2024