UniFirst (UniFirst) Accounts Receivable

: $292 Mil (As of Feb. 2024)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. UniFirst's accounts receivables for the quarter that ended in Feb. 2024 was $292 Mil.

Accounts receivable can be measured by Days Sales Outstanding. UniFirst's Days Sales Outstanding for the quarter that ended in Feb. 2024 was 45.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. UniFirst's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-2.71.

UniFirst Accounts Receivable Historical Data

The historical data trend for UniFirst's Accounts Receivable 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 Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Receivable

203.46

190.92

208.33

249.20

279.08

UniFirst Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Receivable																276.56	279.49	279.08	299.49	291.78

UniFirst Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

UniFirst Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	291.784	/	590.711	*	91
=	45.07

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), UniFirst's accounts receivable are only considered to be worth 75% of book value:

UniFirst's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(101.93	+	0.75 * 291.784	+	0.5 * 399.619	-	571.268
-	0	-	0)	/	18.6769
=	-2.71

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

UniFirst Accounts Receivable Related Terms

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UniFirst (UniFirst) Business Description

Industry

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

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