Unifirst Quick Ratio vs Total Assets Analysis
UNF Stock | USD 172.07 4.92 2.94% |
Unifirst financial indicator trend analysis is much more than just breaking down Unifirst prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Unifirst is a good investment. Please check the relationship between Unifirst Quick Ratio and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unifirst. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Unifirst Stock please use our How to Invest in Unifirst guide.
Quick Ratio vs Total Assets
Quick Ratio vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unifirst Quick Ratio account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Unifirst's Quick Ratio and Total Assets is 0.43. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Total Assets in the same time period over historical financial statements of Unifirst, assuming nothing else is changed. The correlation between historical values of Unifirst's Quick Ratio and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Quick Ratio of Unifirst are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Quick Ratio i.e., Unifirst's Quick Ratio and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.43 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.Total Assets
Total assets refers to the total amount of Unifirst assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Unifirst books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Unifirst's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Unifirst current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unifirst. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Unifirst Stock please use our How to Invest in Unifirst guide.At this time, Unifirst's Selling General Administrative is most likely to increase significantly in the upcoming years. The Unifirst's current Tax Provision is estimated to increase to about 38.8 M, while Enterprise Value Multiple is projected to decrease to 5.85.
2021 | 2023 | 2024 (projected) | Interest Expense | 2.9M | 3.3M | 5.2M | Depreciation And Amortization | 108.8M | 139.4M | 146.4M |
Unifirst fundamental ratios Correlations
Click cells to compare fundamentals
Unifirst Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Unifirst fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.2B | 2.4B | 2.4B | 2.6B | 3.0B | 3.1B | |
Other Current Liab | 133.5M | 160.3M | 148.0M | 156.8M | 180.3M | 189.3M | |
Total Current Liabilities | 210.1M | 254.7M | 243.7M | 267.2M | 307.3M | 322.7M | |
Total Stockholder Equity | 1.7B | 1.9B | 1.9B | 2.0B | 2.3B | 2.4B | |
Property Plant And Equipment Net | 625.2M | 659.8M | 715.2M | 819.1M | 942.0M | 989.1M | |
Net Debt | 83.7M | 86.3M | (324.7M) | (14.7M) | (13.2M) | (12.6M) | |
Retained Earnings | 1.7B | 1.8B | 1.8B | 1.9B | 2.2B | 2.3B | |
Cash | (41.8M) | (43.2M) | 376.4M | 79.4M | 91.4M | 82.5M | |
Non Current Assets Total | 1.2B | 1.3B | 1.4B | 1.7B | 2.0B | 2.1B | |
Non Currrent Assets Other | 93.6M | 102.7M | 106.2M | 116.7M | 134.2M | 140.9M | |
Cash And Short Term Investments | 474.8M | 512.9M | 376.4M | 89.6M | 103.0M | 113.0M | |
Net Receivables | 190.9M | 208.3M | 249.2M | 279.1M | 320.9M | 337.0M | |
Common Stock Shares Outstanding | 19.0M | 19.0M | 18.9M | 18.8M | 16.9M | 15.9M | |
Liabilities And Stockholders Equity | 2.2B | 2.4B | 2.4B | 2.6B | 3.0B | 3.1B | |
Non Current Liabilities Total | 247.8M | 253.4M | 268.4M | 298.8M | 343.6M | 360.8M | |
Inventory | 260.5M | 325.1M | 370.9M | 396.7M | 456.2M | 479.0M | |
Other Current Assets | 35.9M | 40.9M | 41.9M | 53.9M | 62.0M | 44.9M | |
Other Stockholder Equity | 86.6M | 89.3M | 93.1M | 99.3M | 114.2M | 119.9M | |
Total Liab | 457.9M | 508.1M | 512.1M | 566.0M | 650.9M | 683.5M | |
Property Plant And Equipment Gross | 582.5M | 659.8M | 715.2M | 1.8B | 2.1B | 2.2B | |
Total Current Assets | 969.3M | 1.1B | 1.1B | 840.1M | 966.1M | 1.0B | |
Accumulated Other Comprehensive Income | (32.0M) | (24.8M) | (24.3M) | (23.8M) | (27.3M) | (28.7M) | |
Short Term Debt | 12.6M | 13.0M | 13.6M | 17.7M | 20.4M | 10.2M | |
Accounts Payable | 64.0M | 81.4M | 82.1M | 92.7M | 106.6M | 112.0M | |
Intangible Assets | 85.5M | 84.6M | 85.0M | 145.6M | 167.5M | 175.8M | |
Common Stock Total Equity | 1.9M | 1.5M | 1.9M | 1.9M | 1.7M | 1.6M | |
Common Stock | 1.9M | 1.9M | 1.9M | 1.9M | 1.7M | 1.6M | |
Good Will | 424.8M | 429.5M | 457.3M | 647.9M | 745.1M | 782.3M | |
Other Assets | 94.1M | 103.3M | 106.7M | 117.2M | 134.8M | 141.6M | |
Property Plant Equipment | 582.5M | 659.8M | 715.2M | 819.1M | 942.0M | 490.0M | |
Other Liab | 218.5M | 223.3M | 230.3M | 251.8M | 289.5M | 177.6M | |
Net Tangible Assets | 1.3B | 1.4B | 1.4B | 1.2B | 1.4B | 1.1B | |
Retained Earnings Total Equity | 1.6B | 1.7B | 1.8B | 1.8B | 2.1B | 1.5B | |
Capital Surpluse | 86.6M | 89.3M | 93.1M | 99.3M | 114.2M | 80.4M |
Unifirst Investors Sentiment
The influence of Unifirst's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Unifirst. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Unifirst's public news can be used to forecast risks associated with an investment in Unifirst. The trend in average sentiment can be used to explain how an investor holding Unifirst can time the market purely based on public headlines and social activities around Unifirst. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Unifirst's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Unifirst's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Unifirst's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Unifirst.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Unifirst in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Unifirst's short interest history, or implied volatility extrapolated from Unifirst options trading.
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unifirst. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Unifirst Stock please use our How to Invest in Unifirst guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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Is Unifirst's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Unifirst. If investors know Unifirst will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Unifirst listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.249 | Dividend Share 1.26 | Earnings Share 5.98 | Revenue Per Share 122.211 | Quarterly Revenue Growth 0.095 |
The market value of Unifirst is measured differently than its book value, which is the value of Unifirst that is recorded on the company's balance sheet. Investors also form their own opinion of Unifirst's value that differs from its market value or its book value, called intrinsic value, which is Unifirst's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Unifirst's market value can be influenced by many factors that don't directly affect Unifirst's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Unifirst's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unifirst is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unifirst's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.