Winnebago Industries Inc (WGO)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,678,477 | 1,683,627 |
| Inventory | US$ in thousands | 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 | 201,126 | 190,883 |
| Inventory turnover | 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 | 8.35 | 8.82 |
February 24, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,934,200K ÷ $465,800K
= 6.30
The inventory turnover ratio for Winnebago Industries Inc has shown fluctuations over the analyzed periods. The ratio indicates how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced over a specific period.
From May 2019 to May 2021, the inventory turnover ratio demonstrated a consistent upward trend, peaking at 9.44 in August 2021. This indicated that the company was selling and replenishing its inventory at a faster rate during this period.
Subsequently, from August 2021 to August 2023, the inventory turnover ratio continued to fluctuate, oscillating between 6.80 and 9.08. While the ratio remained relatively high, it did not show a clear upward or downward trend during this period.
The most recent data indicates a slight decrease in the inventory turnover ratio from 8.93 in November 2022 to 6.30 in February 2024. This decline may suggest that Winnebago Industries Inc took longer to sell and replace its inventory during this period, which can impact cash flow and profitability.
Overall, while the company has demonstrated relatively healthy inventory turnover ratios, fluctuations in this ratio should be closely monitored to ensure efficient inventory management and optimize financial performance.
Peer comparison
Feb 24, 2024
Feb 24, 2024