Winnebago Industries Inc (WGO)
Working capital 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 current assets | US$ in thousands | 988,700 | 996,700 | 1,093,800 | 1,058,910 | 713,610 |
| Total current liabilities | US$ in thousands | 404,700 | 396,000 | 522,100 | 407,276 | 300,390 |
| Working capital turnover | 5.09 | 5.78 | 8.60 | 5.52 | 5.61 |
August 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,973,500K ÷ ($988,700K – $404,700K)
= 5.09
The working capital turnover ratio for Winnebago Industries Inc has shown fluctuations over the past five years. From 2020 to 2022, the company saw a significant increase in its working capital turnover ratio, peaking at 8.60 in 2022. This indicates that the company was efficient in generating revenue from its working capital during these years.
However, in 2023 and 2024, the working capital turnover ratio declined to 5.78 and 5.09, respectively. This suggests a decrease in the company's ability to efficiently utilize its working capital to generate revenue during these years.
Overall, Winnebago Industries Inc has demonstrated variability in its working capital turnover performance, which may indicate changes in its operational efficiency and effectiveness in managing its working capital during the analyzed period.
Peer comparison
Aug 31, 2024