Wolverine World Wide Inc (WWW)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 11.74 | 13.02 | 10.71 | 11.78 | 8.51 | 5.64 | 5.46 | 5.98 | 9.96 | 8.75 | 7.85 | 7.07 | 10.40 | 9.79 | 12.43 | 15.17 | 10.59 | 12.89 | 9.39 | 17.64 | |
| Number of days of payables | days | 31.08 | 28.03 | 34.09 | 30.98 | 42.87 | 64.76 | 66.79 | 61.07 | 36.66 | 41.72 | 46.51 | 51.66 | 35.09 | 37.29 | 29.36 | 24.06 | 34.46 | 28.31 | 38.87 | 20.69 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.74
= 31.08
The number of days of payables for Wolverine World Wide Inc has displayed fluctuations over the past few quarters. It measures the average number of days it takes for the company to pay its suppliers.
In the most recent quarter, as of December 31, 2023, the number of days of payables stood at 31.08 days, which is relatively consistent compared to the previous quarter. This suggests the company is managing its payables effectively and maintaining stable payment terms with its suppliers.
Looking back over the past few quarters, there have been periods of extended payment cycles, such as the third quarter of 2022 and the second quarter of 2022, where the number of days of payables peaked at 64.76 days and 66.79 days, respectively. During these periods, the company may have delayed payments to suppliers, possibly to manage cash flow or take advantage of supplier discounts.
Conversely, there have been quarters, like the fourth quarter of 2019 and the first quarter of 2020, where the number of days of payables dropped notably to 20.69 days and 24.06 days, respectively. This indicates a more aggressive payment approach to suppliers during those periods.
Overall, monitoring the trend in the number of days of payables can provide insights into the company's liquidity, cash management practices, and supplier relationships. fluctuations in this ratio can also reflect changes in the company's operating and financial strategies over time.
Peer comparison
Dec 31, 2023