Winnebago Industries Inc (WGO)
Working capital turnover
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,964,100 | 3,010,100 | 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 |
| Total current assets | US$ in thousands | 988,700 | 983,700 | 1,002,200 | 934,600 | 996,700 | 971,800 | 1,089,500 | 1,053,800 | 1,093,800 | 1,118,620 | 1,009,460 | 929,587 | 1,058,910 | 988,617 | 864,978 | 788,420 | 713,610 | 527,995 | 564,105 | 545,252 |
| Total current liabilities | US$ in thousands | 404,700 | 401,800 | 353,200 | 347,300 | 396,000 | 397,100 | 435,100 | 436,100 | 522,100 | 535,952 | 464,046 | 427,103 | 407,276 | 375,610 | 321,003 | 313,401 | 300,390 | 228,175 | 250,649 | 247,406 |
| Working capital turnover | 5.08 | 5.17 | 4.81 | 5.59 | 5.78 | 6.74 | 6.76 | 7.64 | 8.60 | 8.19 | 7.84 | 7.87 | 5.52 | 5.39 | 5.05 | 5.34 | 5.64 | 7.09 | 7.21 | 6.96 |
August 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,964,100K ÷ ($988,700K – $404,700K)
= 5.08
Winnebago Industries Inc's working capital turnover ratio has shown some fluctuations over the periods analyzed. The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. Higher ratios indicate that the company is generating more revenue per dollar of working capital.
From November 2019 to May 2020, the working capital turnover ratio remained relatively stable around 5.0 but showed a slight increase by August 2020. From there, the ratio saw a notable uptrend reaching 8.60 by August 2022, indicating an improvement in the company's efficiency in utilizing its working capital to drive sales.
However, after peaking in August 2022, the ratio started to decline gradually over the subsequent periods, with some fluctuations along the way. The ratio hit its lowest point at 4.81 in February 2024, possibly suggesting a decreased efficiency in working capital utilization to generate sales.
Overall, Winnebago Industries Inc's working capital turnover ratio has shown variability, signaling changes in the efficiency of working capital management over time. It is essential for the company to monitor and manage its working capital effectively to ensure optimal performance and financial health.
Peer comparison
Aug 31, 2024