Winnebago Industries Inc (WGO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,985,674 | 1,991,466 |
| Receivables | US$ in thousands | 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 | 158,049 | 185,546 |
| Receivables turnover | 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 | 12.56 | 10.73 |
February 24, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,119,700K ÷ $242,300K
= 12.88
Winnebago Industries Inc's receivables turnover ratio has shown some fluctuation over the past several quarters. The receivables turnover ratio measures how efficiently the company is able to collect cash from its customers. A higher ratio is generally favorable as it indicates that the company is collecting its accounts receivable more quickly.
Looking at the trend of the receivables turnover ratio for Winnebago Industries Inc, we can see that it reached its peak in November 2022 at 23.24, indicating a very efficient collection of receivables at that time. However, there have been fluctuations in the ratio since then, with some quarters showing lower turnover rates.
It is important to note that a declining receivables turnover ratio can potentially indicate issues with the company's credit policies, collection efforts, or the quality of its customers. On the other hand, a consistently high ratio may suggest aggressive credit policies that could lead to potential collection problems.
Overall, Winnebago Industries Inc's receivables turnover ratio has displayed variability over the examined period, and further analysis of the company's accounts receivable management practices and industry trends may provide additional insights into its financial performance.
Peer comparison
Feb 24, 2024