Winnebago Industries Inc (WGO)
Payables 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 |
| Payables | US$ in thousands | 138,000 | 123,400 | 146,900 | 133,000 | 165,000 | 133,200 | 217,500 | 229,727 | 211,280 | 166,848 | 180,030 | 173,008 | 144,604 | 123,328 | 132,490 | 81,998 | 99,211 | 93,120 | 81,635 | 84,304 |
| Payables turnover | 21.26 | 24.77 | 21.77 | 26.61 | 24.22 | 31.79 | 20.14 | 18.46 | 18.07 | 21.15 | 17.91 | 17.19 | 17.48 | 19.35 | 17.00 | 24.77 | 20.78 | 19.66 | 20.56 | 19.97 |
February 24, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,934,200K ÷ $138,000K
= 21.26
The payables turnover ratio of Winnebago Industries Inc has shown variability over the past several quarters. The payables turnover measures how efficiently the company is managing its accounts payable by calculating how many times a company pays off its average accounts payable balance within a certain period.
The ratio has fluctuated between 17.00 and 31.79 times over the last two years, indicating some inconsistency in the company's payment cycle. A higher turnover ratio generally suggests that the company is paying off its suppliers more frequently, which could be a positive sign of strong liquidity and good relationships with suppliers.
However, the significant fluctuations in the ratio may also indicate changes in the company's payment policies or supplier management practices. It is important for investors and analysts to further investigate the reasons behind these fluctuations to assess the company's financial health and management efficiency in managing its payables.
Overall, the payables turnover ratio of Winnebago Industries Inc has shown variability, emphasizing the importance of monitoring this ratio alongside other financial metrics to gain a comprehensive understanding of the company's performance and financial management practices.
Peer comparison
Feb 24, 2024