Wolverine World Wide Inc (WWW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,755,000 | 1,787,000 | 1,874,500 | 2,038,400 | 2,242,900 | 2,381,200 | 2,544,900 | 2,669,400 | 2,684,800 | 2,655,400 | 2,600,700 | 2,519,000 | 2,414,900 | 2,288,900 | 2,145,300 | 1,862,500 | 1,791,100 | 1,888,900 | 1,970,100 | 2,189,600 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 275,200 | 134,300 | 140,500 | 136,200 | 291,000 | 294,200 | 128,400 | 267,200 | 262,000 | 254,800 | 257,500 | 124,600 | 126,300 | 134,900 | 138,300 |
| Fixed asset turnover | — | — | — | — | — | 8.65 | 18.95 | 19.00 | 19.71 | 9.13 | 8.84 | 19.62 | 9.04 | 8.74 | 8.42 | 7.23 | 14.37 | 14.96 | 14.60 | 15.83 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,755,000K ÷ $—K
= —
The fixed asset turnover ratio is a measure of how efficiently a company is using its fixed assets to generate revenue. Wolverine World Wide Inc's fixed asset turnover ratio has shown fluctuations over the stated periods.
From March 31, 2020, to December 31, 2021, the fixed asset turnover declined from 15.83 to 9.04. This decrease indicates a potential decrease in sales generated for each dollar invested in fixed assets during this period.
However, there was a significant increase in the fixed asset turnover ratio by March 31, 2022, reaching 19.62, which suggests a substantial improvement in utilizing fixed assets to generate sales. The ratio remained relatively high for the next few quarters, signaling continued efficient use of fixed assets.
By September 30, 2023, the fixed asset turnover ratio had decreased to 8.65. This decline may indicate a lower level of efficiency in utilizing fixed assets to generate revenue compared to the earlier periods.
Unfortunately, data for the subsequent periods is not available (as denoted by '—'), making it challenging to provide a complete analysis. In conclusion, Wolverine World Wide Inc experienced fluctuations in its fixed asset turnover ratio over the provided periods, with some periods exhibiting improved efficiency in utilizing fixed assets to generate sales compared to others.
Peer comparison
Dec 31, 2024