Wolverine World Wide Inc (WWW)
Payables 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 |
| Payables | US$ in thousands | 206,000 | 197,200 | 252,200 | 226,900 | 272,200 | 317,900 | 318,100 | 293,800 | 222,100 | 265,100 | 279,200 | 279,300 | 185,000 | 191,800 | 154,900 | 137,600 | 202,100 | 155,600 | 212,700 | 112,600 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,418,900K ÷ $206,000K
= 11.74
Wolverine World Wide Inc's payables turnover ratio has been fluctuating over the past few quarters. The payables turnover ratio measures how quickly a company pays its suppliers. A higher turnover ratio indicates that the company is paying its suppliers more quickly.
Looking at the data provided, Wolverine World Wide Inc's payables turnover ratio ranged from a low of 5.46 in June 2022 to a high of 17.64 in June 2019. The highest ratio of 17.64 in June 2019 suggests that the company was able to pay its suppliers almost 18 times during that period.
The trend in the payables turnover ratio shows some variability, with peaks and troughs observed throughout the quarters. It increased steadily from March 2020 to March 2021, reaching 12.43, before experiencing a decline in the following quarters. The ratio then spiked to 17.64 in June 2019 before decreasing and stabilizing around 10 to 13 in the most recent quarters.
Overall, Wolverine World Wide Inc's payables turnover ratio indicates that the company has been managing its payables efficiently, although some fluctuation in the ratio suggests changes in the company's payment practices or relationships with suppliers. Further analysis and comparison with industry benchmarks may provide a deeper understanding of the company's payables management.
Peer comparison
Dec 31, 2023