Winnebago Industries Inc (WGO)
Payables turnover
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,875,900 | 3,198,500 | 4,380,280 | 3,223,760 | 2,252,000 |
| Payables | US$ in thousands | 144,700 | 146,900 | 217,500 | 180,030 | 132,490 |
| Payables turnover | 19.87 | 21.77 | 20.14 | 17.91 | 17.00 |
August 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,875,900K ÷ $144,700K
= 19.87
The payables turnover ratio for Winnebago Industries Inc has shown fluctuations over the past five years. The ratio indicates how efficiently the company is managing its accounts payable by measuring the number of times a company pays off its average accounts payable balance during a period.
In the latest financial year ending August 31, 2024, Winnebago Industries Inc had a payables turnover ratio of 19.87. This implies that the company paid off its accounts payable almost 20 times during the year, which is lower compared to the previous year's ratio of 21.77.
The decreasing trend in payables turnover from 2023 to 2024 suggests that Winnebago Industries Inc took longer to pay off its suppliers or managed its payables less efficiently during the most recent financial year.
However, when comparing the payables turnover ratio to the earlier years, such as 2020 and 2021, the company's efficiency in managing its accounts payable has improved. This indicates that Winnebago Industries Inc has been more prompt in paying off its suppliers in recent years compared to the two earlier years.
Overall, the payables turnover ratio of Winnebago Industries Inc has fluctuated over the past five years, indicating variations in the company's ability to manage its accounts payable efficiently. The latest decrease in the ratio suggests a potential area of improvement for the company in managing its payables effectively in the future.
Peer comparison
Aug 31, 2024