Winnebago Industries Inc (WGO)
Total asset 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 |
| Total assets | US$ in thousands | 2,433,900 | 2,368,900 | 2,432,400 | 2,412,800 | 2,445,400 | 2,394,000 | 2,416,700 | 2,427,130 | 2,309,430 | 2,206,360 | 2,062,570 | 1,979,770 | 1,855,800 | 1,780,990 | 1,713,700 | 1,533,040 | 1,571,930 | 1,553,620 | 1,104,230 | 1,083,200 |
| Total asset turnover | 1.28 | 1.39 | 1.43 | 1.60 | 1.81 | 1.97 | 2.03 | 1.97 | 1.85 | 1.79 | 1.74 | 1.67 | 1.48 | 1.42 | 1.36 | 1.39 | 1.44 | 1.34 | 1.80 | 1.84 |
February 24, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,119,700K ÷ $2,433,900K
= 1.28
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.
Analyzing the trend of Winnebago Industries Inc's total asset turnover over the past several quarters, we observe fluctuations in the ratio. The total asset turnover ratio has shown a general increasing trend from May 2019 to May 2023, peaking at 2.03 in August 2022. This signifies that the company was efficient in generating sales revenue relative to its total assets during this period.
However, from August 2022 to Feb 2024, there has been a slight decline in the total asset turnover ratio, though it has remained above 1.0 throughout. This decline suggests a possible decrease in the efficiency of asset utilization in generating sales. Factors such as changes in business operations, asset management strategies, or market conditions could contribute to this trend.
Overall, Winnebago Industries Inc's total asset turnover ratio indicates moderate to high efficiency in utilizing its assets to generate sales revenue, with some fluctuations in recent quarters. Further analysis of the company's operating performance and asset management practices may provide deeper insights into the factors driving these trends.
Peer comparison
Feb 24, 2024