Winnebago Industries Inc (WGO)
Total asset 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 |
| Total assets | US$ in thousands | 2,384,200 | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 |
| Total asset turnover | 1.25 | 1.43 | 2.03 | 1.74 | 1.35 |
August 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,973,500K ÷ $2,384,200K
= 1.25
The total asset turnover ratio for Winnebago Industries Inc has exhibited fluctuations over the past five years. The ratio illustrates the company's efficiency in generating sales revenue relative to its total assets.
In 2024, the total asset turnover ratio was 1.25, indicating that for every dollar of assets, Winnebago generated $1.25 in sales. This represents a decrease from the previous year's ratio of 1.43, suggesting a potential decline in the company's asset utilization efficiency.
Comparing the 2024 ratio to the ratios in 2022 and 2021 of 2.03 and 1.74, respectively, it appears that Winnebago was more effective in utilizing its assets to generate sales in those years. However, the 2024 ratio is slightly higher than the ratio in 2020, which was 1.35, indicating improved asset turnover efficiency compared to that year.
Overall, the trend in Winnebago's total asset turnover ratio reflects fluctuations in the company's ability to generate sales revenue relative to its total assets. Further analysis of the company's operational and financial performance would be necessary to understand the underlying reasons for these fluctuations and to assess the implications for its overall efficiency and profitability.
Peer comparison
Aug 31, 2024