Wolverine World Wide Inc (WWW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,755,000 | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 |
| Property, plant and equipment | US$ in thousands | — | — | 136,200 | 267,200 | 124,600 |
| Fixed asset turnover | — | — | 19.71 | 9.04 | 14.37 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,755,000K ÷ $—K
= —
Wolverine World Wide Inc's fixed asset turnover has demonstrated variability over the years. In 2020, the company achieved a high fixed asset turnover of 14.37, indicating that for each dollar invested in fixed assets, it generated $14.37 in sales. This suggests efficient utilization of its fixed assets to generate revenue.
However, for the next year, the fixed asset turnover decreased to 9.04. This decline may indicate a potential decrease in the efficiency of asset utilization or a slower turnover of fixed assets into revenue. It would be essential for the company to further analyze the reasons behind this change to ensure optimal asset management.
In 2022, there was a significant improvement in the fixed asset turnover, reaching 19.71. This surge suggests a notable increase in the company's efficiency in generating sales revenue from its fixed assets, showcasing improved operational performance and potentially better capital utilization.
Unfortunately, there is no available data for the fixed asset turnover for the years 2023 and 2024. This lack of information prevents a complete assessment of the company's performance in recent years. It is recommended that Wolverine World Wide Inc continues to monitor and analyze its fixed asset turnover to ensure sustained efficiency in utilizing its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024