Wolverine World Wide Inc (WWW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 | 2,273,700 |
| Receivables | US$ in thousands | 230,800 | 241,700 | 319,600 | 268,300 | 331,200 |
| Receivables turnover | 9.72 | 11.11 | 7.56 | 6.68 | 6.87 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,242,900K ÷ $230,800K
= 9.72
The receivables turnover ratio for Wolverine World Wide Inc has fluctuated over the past five years. The company's ability to collect outstanding receivables improved from 2019 to 2022, with the ratio increasing from 6.87 to 11.11. However, in 2023, the ratio decreased to 9.72, indicating a slight decline in efficiency in collecting receivables compared to the previous year. Despite this dip, the latest ratio of 9.72 still suggests that Wolverine World Wide Inc is managing its receivables effectively, with a high turnover rate that indicates the company is collecting its outstanding receivables approximately 9.72 times during the year. This implies a relatively strong liquidity position and efficient credit management practices, although there might be room for improvement to sustain or enhance the receivables turnover ratio in the future.
Peer comparison
Dec 31, 2023