Winnebago Industries Inc (WGO)
Inventory turnover
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,875,900 | 2,852,500 | 2,934,200 | 3,056,800 | 3,198,500 | 3,539,030 | 3,996,970 | 4,234,420 | 4,380,270 | 4,240,660 | 3,816,840 | 3,528,301 | 3,223,760 | 2,974,745 | 2,528,387 | 2,385,829 | 2,252,349 | 2,031,252 | 2,061,646 | 1,830,554 |
| Inventory | US$ in thousands | 438,700 | 441,500 | 465,800 | 494,000 | 470,600 | 518,000 | 540,400 | 553,000 | 525,800 | 486,100 | 469,454 | 432,825 | 341,473 | 333,018 | 278,468 | 263,137 | 182,941 | 190,359 | 237,808 | 263,333 |
| Inventory turnover | 6.56 | 6.46 | 6.30 | 6.19 | 6.80 | 6.83 | 7.40 | 7.66 | 8.33 | 8.72 | 8.13 | 8.15 | 9.44 | 8.93 | 9.08 | 9.07 | 12.31 | 10.67 | 8.67 | 6.95 |
August 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,875,900K ÷ $438,700K
= 6.56
Winnebago Industries Inc's inventory turnover has displayed fluctuations over the period indicated. The inventory turnover ratio measures the efficiency of the company in managing its inventory levels. A higher ratio indicates that the company is selling its inventory more frequently, which is generally seen as a positive indicator.
From November 2019 to November 2020, the company's inventory turnover gradually increased from 6.95 to 9.44, suggesting a more efficient management of inventory during this period. However, there was a significant spike in the inventory turnover in August 2021, reaching 12.31, indicating a rapid turnover of inventory relative to the previous period.
Subsequently, there was a slight decline in inventory turnover, but it remained relatively stable around the 8 to 9 range from February 2022 to May 2023. This indicates that Winnebago maintained a healthy balance between inventory management and sales during this time.
In the most recent period, the inventory turnover ratio decreased to 6.56, signaling a possible slowdown in the rate of inventory turnover. It is essential for Winnebago to monitor its inventory turnover closely to ensure optimal management of inventory levels and alignment with sales trends.
Peer comparison
Aug 31, 2024
Aug 31, 2024