Winnebago Industries Inc (WGO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,964,100 | 3,010,100 | 3,119,700 | 3,282,800 | 3,470,200 | 3,872,190 | 4,424,220 | 4,717,230 | 4,916,430 | 4,773,490 | 4,277,556 | 3,952,980 | 3,594,235 | 3,306,092 | 2,748,414 | 2,536,739 | 2,332,393 | 2,124,982 | 2,259,904 | 2,074,435 |
| Receivables | US$ in thousands | 190,300 | 202,400 | 242,300 | 190,800 | 189,200 | 205,300 | 281,300 | 203,000 | 254,124 | 373,639 | 380,039 | 263,677 | 253,808 | 228,199 | 232,349 | 231,182 | 220,798 | 163,590 | 182,475 | 167,290 |
| Receivables turnover | 15.58 | 14.87 | 12.88 | 17.21 | 18.34 | 18.86 | 15.73 | 23.24 | 19.35 | 12.78 | 11.26 | 14.99 | 14.16 | 14.49 | 11.83 | 10.97 | 10.56 | 12.99 | 12.38 | 12.40 |
August 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,964,100K ÷ $190,300K
= 15.58
The receivables turnover of Winnebago Industries Inc has fluctuated over the past few years. The company's average receivables turnover ratio calculated based on the provided data is approximately 14.04. This ratio indicates that, on average, Winnebago converted its accounts receivable into cash around 14 times during the year.
The highest receivables turnover ratio of 23.24 was recorded on Nov 26, 2022, suggesting efficient management of receivables during that period. On the other hand, the lowest ratio of 10.56 was seen on Nov 28, 2020, indicating a longer time taken to collect receivables during that period.
Overall, the company's receivables turnover has remained relatively stable, with some fluctuations from period to period. It is essential for Winnebago to monitor and manage its accounts receivable effectively to ensure timely collection and maintain financial health.
Peer comparison
Aug 31, 2024