United Natural Foods Inc (UNFI)
Working capital 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 current assets | US$ in thousands | 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 | 3,558,930 | 3,635,100 |
| Total current liabilities | US$ in thousands | 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 | 2,108,940 | 2,102,150 |
| Working capital turnover | 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 | 14.97 | 11.46 |
January 27, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $30,120,000K ÷ ($3,581,000K – $2,336,000K)
= 24.19
United Natural Foods Inc.'s working capital turnover ratio has shown fluctuations over the past few quarters. In Q2 2024, the ratio stood at 24.30, indicating that the company generated $24.30 in net revenue for every dollar of working capital during that period. This represented an improvement from the previous quarter, where the ratio was 21.95.
Looking at the trend over the past year, there have been significant variations in the working capital turnover ratio, with peaks and troughs occurring in different quarters. The highest ratio was recorded in Q4 2023 at 28.61, while the lowest ratio was in Q1 2023 at 16.41. These fluctuations suggest that United Natural Foods Inc. has been managing its working capital efficiency differently in each period.
Overall, it is important for the company to closely monitor its working capital turnover ratio to ensure optimal utilization of resources and efficient operations. Analyzing the trends in this ratio can provide insights into the company's liquidity management and overall financial performance.
Peer comparison
Jan 27, 2024