UniFirst (UniFirst) Days Payable : 19.88 (As of Feb. 2024)

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What is UniFirst Days Payable?

UniFirst's average Accounts Payable for the three months ended in Feb. 2024 was $86 Mil. UniFirst's Cost of Goods Sold for the three months ended in Feb. 2024 was $396 Mil. Hence, UniFirst's Days Payable for the three months ended in Feb. 2024 was 19.88.

The historical rank and industry rank for UniFirst's Days Payable or its related term are showing as below:

UNF' s Days Payable Range Over the Past 10 Years
Min: 20.61 Med: 22.49 Max: 24.26
Current: 20.67

During the past 13 years, UniFirst's highest Days Payable was 24.26. The lowest was 20.61. And the median was 22.49.

UNF's Days Payable is ranked worse than
77.32% of 926 companies
in the Business Services industry
Industry Median: 47.265 vs UNF: 20.67

UniFirst's Days Payable declined from Feb. 2023 (20.45) to Feb. 2024 (19.88). It may suggest that UniFirst accelerated paying its suppliers.

UniFirst Days Payable Historical Data

The historical data trend for UniFirst's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UniFirst Days Payable Chart

UniFirst Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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24.26

22.24

23.25

22.84

21.54

UniFirst Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															20.45	20.45	21.99	21.28	19.88

Competitive Comparison of UniFirst's Days Payable

For the Specialty Business Services subindustry, UniFirst's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UniFirst's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, UniFirst's Days Payable distribution charts can be found below:

* The bar in red indicates where UniFirst's Days Payable falls into.

UniFirst Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

UniFirst's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (82.131	+	92.73)	/	2 )	/	1481.296	*	365
=	87.4305					/	1481.296	*	365
=	21.54

UniFirst's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (86.315	+	86.318)	/	2 )	/	396.191	*	365 / 4
=	86.3165					/	396.191	*	365 / 4
=	19.88

UniFirst Days Payable Related Terms

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UniFirst (UniFirst) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (NYSE:UNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Jonspin Road, Wilmington, MA, USA, 01887

Website

http://www.unifirst.com

UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.

Executives

David A Difillippo	officer: Senior VP of Operations
Matthew Croatti	10 percent owner	C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Michael A Croatti	officer: Senior VP of Operations	C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
William Masters Ross	officer: Senior VP of Operations	C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Shane O'connor	officer: Senior VP and CFO	68 JONSPIN ROAD, WILMINGTON MA 01887
Steven S Sintros	officer: VP of Finance and CFO	68 JONSPIN RD., WILMINGTON MA 01888
Sergio A Pupkin	director	C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
David Martin Katz	officer: VP of Sales and Marketing	68 JONSPIN ROAD, WILMINGTON MA 01887
Joseph M Nowicki	director	C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Cynthia Croatti	director, 10 percent owner, officer: Executive VP and Treasurer	68 JONSPIN ROAD, WILMINGTON DC 01887
Carol Croatti	10 percent owner	21 JEFFERSON DRIVE, LONDONDERRY NH 03053
The Ronald D Croatti Trust - 1993	10 percent owner	C/O CAROL CROATTI, 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
Kathleen M Camilli	director
Michael Iandoli	director	68 JONSPIN RD, WILMINGTON MA 01887
Phillip L Cohen	director	68 JONSPIN ROAD, WILMINGTON MA 01887