Wolverine World Wide Inc (WWW)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,418,900 | 2,567,600 | 2,699,900 | 2,673,200 | 2,317,600 | 1,791,800 | 1,738,300 | 1,755,900 | 2,211,200 | 2,319,500 | 2,191,200 | 1,973,400 | 1,924,200 | 1,877,400 | 1,925,700 | 2,087,100 | 2,140,700 | 2,006,300 | 1,997,500 | 1,986,600 |
| Inventory | US$ in thousands | 373,600 | 563,800 | 647,900 | 725,900 | 745,200 | 880,900 | 639,500 | 483,300 | 365,500 | 412,000 | 331,700 | 320,900 | 243,100 | 325,700 | 386,500 | 405,300 | 348,200 | 417,700 | 406,500 | 374,000 |
| Inventory turnover | 6.47 | 4.55 | 4.17 | 3.68 | 3.11 | 2.03 | 2.72 | 3.63 | 6.05 | 5.63 | 6.61 | 6.15 | 7.92 | 5.76 | 4.98 | 5.15 | 6.15 | 4.80 | 4.91 | 5.31 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,418,900K ÷ $373,600K
= 6.47
Wolverine World Wide Inc's inventory turnover has shown fluctuations over the past few quarters, indicating changes in how efficiently the company manages its inventory levels.
The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio generally suggests that a company is selling its inventory quickly and efficiently.
In the last quarter, the inventory turnover ratio was 6.47, indicating an improvement from the previous quarter. This could suggest that Wolverine World Wide Inc was able to sell and replenish its inventory more frequently, which could be a positive sign for the company's operations.
Looking at the trend over the past few quarters, there has been a general upward trend in the inventory turnover ratio, with some fluctuations. This trend indicates that Wolverine World Wide Inc has been managing its inventory more efficiently over time, which is generally a positive sign for the company's financial health.
Overall, the increasing trend in inventory turnover ratio for Wolverine World Wide Inc reflects improvements in inventory management efficiency, which could lead to better cash flow and profitability in the long run.
Peer comparison
Dec 31, 2023
Dec 31, 2023