Winnebago Industries Inc (WGO)
Receivables turnover
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,973,500 | 3,470,200 | 4,916,420 | 3,594,240 | 2,318,070 |
| Receivables | US$ in thousands | 190,300 | 189,200 | 254,124 | 253,808 | 220,798 |
| Receivables turnover | 15.63 | 18.34 | 19.35 | 14.16 | 10.50 |
August 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,973,500K ÷ $190,300K
= 15.63
The receivables turnover ratio measures how efficiently a company manages its accounts receivable by indicating how many times during a year the company collects its average accounts receivable balance. A higher turnover ratio signifies that the company is collecting its receivables more quickly.
Analyzing Winnebago Industries Inc's receivables turnover over the past five years, there is a general increasing trend from 10.50 in 2020 to 15.63 in 2024. This indicates a positive development in the company's ability to collect outstanding sales faster over the years.
Specifically, the company's receivables turnover was 15.63 in 2024, 18.34 in 2023, and 19.35 in 2022. These values reflect that Winnebago Industries Inc collected its accounts receivable approximately 15.63, 18.34, and 19.35 times, respectively, during those years. The higher turnover ratios in 2022 and 2023 indicate that the company was more effective in collecting its receivables during those years compared to 2024.
While the receivables turnover ratio provides insight into the efficiency of the company's collections process, it is essential to consider industry benchmarks and trends in conjunction with other financial ratios to gain a more comprehensive view of Winnebago Industries Inc's overall financial performance.
Peer comparison
Aug 31, 2024