United Natural Foods Inc (UNFI)
Working capital 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 current assets | US$ in thousands | 3,402,000 | 3,511,000 | 3,581,000 | 3,957,000 | 3,463,000 | 3,692,000 | 3,741,000 | 4,360,000 | 3,797,000 | 3,980,000 | 3,864,000 | 4,019,000 | 3,550,000 | 3,585,800 | 3,648,690 | 3,940,490 | 3,705,000 | 3,723,470 | 3,619,450 | 3,850,010 |
| Total current liabilities | US$ in thousands | 2,365,000 | 2,318,000 | 2,336,000 | 2,577,000 | 2,405,000 | 2,455,000 | 2,396,000 | 2,565,000 | 2,417,000 | 2,389,000 | 2,555,000 | 2,691,000 | 2,487,000 | 2,264,910 | 2,293,640 | 2,374,220 | 2,370,000 | 2,477,570 | 2,159,050 | 2,280,300 |
| Working capital turnover | 29.88 | 25.24 | 24.19 | 21.86 | 28.48 | 24.27 | 22.18 | 16.39 | 20.93 | 17.82 | 21.12 | 20.41 | 25.15 | 20.20 | 20.03 | 17.07 | 19.81 | 21.26 | 17.41 | 16.02 |
August 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $30,984,000K ÷ ($3,402,000K – $2,365,000K)
= 29.88
The working capital turnover of United Natural Foods Inc has shown some fluctuations over the observed periods. The company's working capital turnover ratio ranged from 16.02 to 29.88, indicating the number of times working capital was used to generate sales revenue during the respective periods.
A higher working capital turnover ratio generally implies that the company is efficiently utilizing its working capital to generate sales. In this case, the company's highest ratio of 29.88 suggests that it effectively converted its working capital into sales revenue during the period ending on August 3, 2024.
On the other hand, the lowest ratio of 16.02, observed on November 2, 2019, indicates a less efficient utilization of working capital to generate sales revenue. It is essential for the company to monitor and possibly improve its working capital management practices to ensure optimal efficiency in converting working capital into sales.
Overall, the trend of the working capital turnover ratio for United Natural Foods Inc shows some variability, and it would be beneficial for the company to analyze the factors contributing to these fluctuations to maintain or improve its operational efficiency.
Peer comparison
Aug 3, 2024