UniFirst (UniFirst) Change In Receivables : $-7 Mil (TTM As of Feb. 2024)

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What is UniFirst Change In Receivables?

UniFirst's change in receivables for the quarter that ended in Feb. 2024 was $8 Mil. It means UniFirst's Accounts Receivable declined by $8 Mil from Nov. 2023 to Feb. 2024 .

UniFirst's change in receivables for the fiscal year that ended in Aug. 2023 was $-22 Mil. It means UniFirst's Accounts Receivable increased by $22 Mil from Aug. 2022 to Aug. 2023 .

UniFirst's Accounts Receivable for the quarter that ended in Feb. 2024 was $292 Mil.

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 Receivable are being managed. UniFirst's Days Sales Outstanding for the three months ended in Feb. 2024 was 45.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. UniFirst's liquidation value for the three months ended in Feb. 2024 was $-51 Mil.

UniFirst Change In Receivables Historical Data

The historical data trend for UniFirst's Change In Receivables 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 Change In Receivables Chart

UniFirst Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

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-3.19

14.59

-16.69

-40.63

-21.71

UniFirst Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-3.96	5.49	0.43	-20.41	7.84

UniFirst Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7 Mil.

UniFirst (NYSE:UNF) Change In Receivables 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 Receivable 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 liquidation value, UniFirst's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	101.93	-	571.268	+	0.75 * 291.784	+	0.5 * 399.619
=	-51

UniFirst Change In Receivables Related Terms

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UniFirst (UniFirst) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (NYSE:UNF) » Definitions » Change In Receivables

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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