Wolverine World Wide Inc (WWW)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,179,400 | 2,287,700 | 2,455,100 | 2,586,000 | 2,599,900 | 2,659,500 | 2,607,200 | 2,525,300 | 2,414,900 | 2,292,400 | 2,145,300 | 1,861,300 | 1,790,000 | 1,882,000 | 1,966,600 | 2,188,800 | 2,273,700 | 2,243,100 | 2,229,800 | 2,229,100 |
| Property, plant and equipment | US$ in thousands | 96,300 | 126,500 | 134,300 | 140,500 | 136,200 | 126,000 | 127,500 | 128,400 | 129,000 | 127,300 | 120,200 | 120,800 | 124,600 | 126,300 | 134,900 | 138,300 | 141,000 | 143,000 | 138,200 | 133,000 |
| Fixed asset turnover | 22.63 | 18.08 | 18.28 | 18.41 | 19.09 | 21.11 | 20.45 | 19.67 | 18.72 | 18.01 | 17.85 | 15.41 | 14.37 | 14.90 | 14.58 | 15.83 | 16.13 | 15.69 | 16.13 | 16.76 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,179,400K ÷ $96,300K
= 22.63
The fixed asset turnover ratio for Wolverine World Wide Inc has shown some fluctuation over the past few years. The ratio measures the efficiency of the company in generating revenue from its fixed assets.
The trend indicates that the company was able to generate $22.63 of sales for every dollar invested in fixed assets at the end of December 2023. This suggests a high level of efficiency in the utilization of fixed assets to generate sales.
While the ratio has generally been trending upwards from 2019 to 2023, there are some fluctuations seen quarter to quarter. This could be due to various factors such as changes in production levels, asset utilization, or sales volumes.
Overall, Wolverine World Wide Inc has shown a positive trend in its fixed asset turnover over the years, indicating improved efficiency in generating sales from its fixed assets. However, it would be important to closely monitor these fluctuations to ensure sustainable and consistent performance in the future.
Peer comparison
Dec 31, 2023