Winnebago Industries Inc (WGO)
Total asset turnover
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,470,200 | 4,916,420 | 3,594,240 | 2,318,070 | 1,985,670 |
| Total assets | US$ in thousands | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 | 1,104,230 |
| Total asset turnover | 1.43 | 2.03 | 1.74 | 1.35 | 1.80 |
August 26, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,470,200K ÷ $2,432,400K
= 1.43
The total asset turnover of Winnebago Industries, Inc. has experienced fluctuations over the past five years. Total asset turnover measures the efficiency of a company in utilizing its assets to generate sales.
In 2023, the total asset turnover stood at 1.44, a decrease from the previous year's 2.05. This may indicate that Winnebago Industries, Inc. was less efficient in generating sales relative to its total assets in 2023 compared to 2022.
Looking at the trend over the five-year period, the total asset turnover has shown variability, reaching a high of 2.05 in 2022 and a low of 1.37 in 2020. This variability suggests that the company may have experienced changes in its asset management and sales generation strategies during this period.
Further analysis of the company's operational and financial activities would provide deeper insights into the factors driving these fluctuations in total asset turnover.
Peer comparison
Aug 26, 2023