Winnebago Industries Inc (WGO)
Working capital 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 current assets | US$ in thousands | 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 | 410,657 | 391,085 |
| Total current liabilities | US$ in thousands | 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 | 197,744 | 204,851 |
| Working capital turnover | 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 | 9.33 | 10.69 |
February 24, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,119,700K ÷ ($1,002,200K – $353,200K)
= 4.81
The working capital turnover ratio of Winnebago Industries Inc has shown fluctuations over the provided period. The ratio ranged from a low of 4.81 to a high of 10.69. Generally, a higher turnover ratio indicates that the company is efficiently using its working capital to generate sales revenue.
Winnebago's working capital turnover ratio has shown an increasing trend from 2019 to 2022, indicating improving efficiency in utilizing its working capital to generate sales. However, there was a slight decline in the ratio in the most recent period, which may suggest a potential slowdown in the company's working capital efficiency.
It is important for Winnebago Industries to closely monitor and manage its working capital turnover to ensure optimal utilization of resources and to support sustainable business growth. Further analysis and comparison with industry benchmarks would provide more insights into the company's working capital management efficiency.
Peer comparison
Feb 24, 2024