United Natural Foods Inc (UNFI)
Total asset 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 |
| Total assets | US$ in thousands | 7,528,000 | 7,585,000 | 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 |
| Total asset turnover | 4.12 | 3.97 | 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 |
August 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,984,000K ÷ $7,528,000K
= 4.12
United Natural Foods Inc's total asset turnover has been relatively stable over the past few years, ranging between 3.16 and 4.12. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio generally implies better asset utilization and efficiency in generating sales.
From the trend analysis, we can see that there has been some fluctuation in the total asset turnover ratio, but overall, the company has maintained a strong level of asset turnover. The recent ratio of 4.12 indicates that for every dollar of total assets, United Natural Foods Inc generated $4.12 in sales revenue during the latest period.
Overall, the company's total asset turnover ratio suggests effective management of its assets to generate revenue, which is a positive indicator of operational efficiency.
Peer comparison
Aug 3, 2024