Unifirst Receivables Turnover vs Operating Income Analysis
UNF Stock | USD 160.28 1.77 1.12% |
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 Receivables Turnover and its Operating Income 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.
Receivables Turnover vs Operating Income
Receivables Turnover vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Unifirst Receivables Turnover account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Unifirst's Receivables Turnover and Operating Income is -0.65. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Operating Income in the same time period over historical financial statements of Unifirst, assuming nothing else is changed. The correlation between historical values of Unifirst's Receivables Turnover and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of Unifirst are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Receivables Turnover i.e., Unifirst's Receivables Turnover and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Receivables Turnover
Operating Income
Operating Income is the amount of profit realized from Unifirst operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Unifirst is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 Sales General And Administrative To Revenue is projected to decrease to 0.17.
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
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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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Unifirst is a strong investment it is important to analyze Unifirst's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Unifirst's future performance. For an informed investment choice regarding Unifirst Stock, refer to the following important reports: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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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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 0.147 | Dividend Share 1.28 | Earnings Share 6.12 | Revenue Per Share 124.742 | Quarterly Revenue Growth 0.088 |
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.