Wolverine World Wide Inc (WWW)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 985,900 | 1,042,600 | 1,113,900 | 1,222,400 | 1,370,400 | 1,477,500 | 1,578,800 | 1,624,000 | 1,614,400 | 1,546,800 | 1,495,100 | 1,450,100 | 1,385,000 | 1,316,800 | 1,246,000 | 1,086,400 | 1,055,500 | 1,128,000 | 1,167,900 | 1,304,200 |
| Inventory | US$ in thousands | 240,600 | 285,500 | 297,100 | 354,300 | 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 |
| Inventory turnover | 4.10 | 3.65 | 3.75 | 3.45 | 3.67 | 2.62 | 2.44 | 2.24 | 2.17 | 1.76 | 2.34 | 3.00 | 3.79 | 3.20 | 3.76 | 3.39 | 4.34 | 3.46 | 3.02 | 3.22 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $985,900K ÷ $240,600K
= 4.10
The inventory turnover ratio of Wolverine World Wide Inc has shown fluctuating trends over the past few years. The ratio indicates how efficiently the company is managing its inventory.
From March 31, 2020, to December 31, 2021, the inventory turnover ratio ranged from 3.02 to 4.34, showing relatively stable turnover rates. This suggests that the company was efficiently selling and replenishing its inventory during this period.
However, from March 31, 2022, to December 31, 2024, the inventory turnover ratio decreased gradually, reaching a low of 1.76 on September 30, 2022. This decline may indicate possible challenges in managing inventory levels, such as overstocking or slow sales.
Over the last few quarters, the inventory turnover ratio has shown some improvement, reaching 4.10 on December 31, 2024. This could imply that the company has made efforts to streamline its inventory management practices and enhance sales efficiency.
Overall, Wolverine World Wide Inc should continue to monitor its inventory turnover ratio closely to ensure optimal inventory levels and efficient operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024