Winnebago Industries Inc (WGO)
Fixed asset turnover
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,119,700 | 3,282,800 | 3,470,200 | 3,872,190 | 4,424,220 | 4,717,230 | 4,916,430 | 4,773,490 | 4,277,556 | 3,952,980 | 3,594,235 | 3,306,092 | 2,748,414 | 2,536,739 | 2,332,393 | 2,124,982 | 2,259,904 | 2,074,435 | 1,985,674 | 1,991,466 |
| Property, plant and equipment | US$ in thousands | 333,700 | 331,100 | 327,300 | 320,000 | 310,400 | 294,800 | 276,200 | 256,335 | 239,034 | 224,129 | 191,427 | 177,578 | 173,609 | 171,210 | 174,945 | 175,431 | 169,840 | 163,348 | 127,572 | 121,977 |
| Fixed asset turnover | 9.35 | 9.91 | 10.60 | 12.10 | 14.25 | 16.00 | 17.80 | 18.62 | 17.90 | 17.64 | 18.78 | 18.62 | 15.83 | 14.82 | 13.33 | 12.11 | 13.31 | 12.70 | 15.57 | 16.33 |
February 24, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,119,700K ÷ $333,700K
= 9.35
The fixed asset turnover of Winnebago Industries Inc has shown fluctuations over the past several quarters. The ratio has experienced an overall upward trend from May 2019 to Aug 2022, reaching a peak of 18.62. This indicates that the company generated $18.62 in sales for every dollar invested in fixed assets during that period.
However, there was a slight decline in fixed asset turnover between Aug 2022 and May 2023, suggesting a potential decrease in efficiency in utilizing fixed assets to generate sales. The ratio then improved significantly in the subsequent quarters, peaking at 18.78 in Nov 2021 before stabilizing around 15-16 in the most recent periods.
Overall, Winnebago Industries Inc has generally maintained a high fixed asset turnover ratio, indicating effective management of its fixed assets to drive sales. However, the company should continue monitoring and optimizing its asset utilization to ensure sustained efficiency and profitability in the long term.
Peer comparison
Feb 24, 2024