Wolverine World Wide Inc (WWW)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,179,400 | 2,287,700 | 2,455,100 | 2,586,000 | 2,599,900 | 2,659,500 | 2,607,200 | 2,525,300 | 2,414,900 | 2,292,400 | 2,145,300 | 1,861,300 | 1,790,000 | 1,882,000 | 1,966,600 | 2,188,800 | 2,273,700 | 2,243,100 | 2,229,800 | 2,229,100 |
| Receivables | US$ in thousands | 230,800 | 272,000 | 241,500 | — | 241,700 | 440,000 | 420,000 | 370,600 | 319,600 | 362,600 | 372,000 | 323,600 | 268,300 | 332,100 | 263,800 | 323,400 | 331,200 | 357,300 | 363,700 | 375,500 |
| Receivables turnover | 9.44 | 8.41 | 10.17 | — | 10.76 | 6.04 | 6.21 | 6.81 | 7.56 | 6.32 | 5.77 | 5.75 | 6.67 | 5.67 | 7.45 | 6.77 | 6.87 | 6.28 | 6.13 | 5.94 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,179,400K ÷ $230,800K
= 9.44
The receivables turnover ratio for Wolverine World Wide Inc has shown some fluctuations over the periods in question, with values ranging from 5.67 to 10.76. The ratio indicates how efficiently the company is collecting its accounts receivable during the given time frame.
Generally, a higher receivables turnover ratio is preferred as it suggests that the company is collecting its outstanding receivables more quickly. A lower ratio may indicate potential issues with collections or credit policies.
In this case, the trend indicates that Wolverine World Wide Inc has experienced some variability in its ability to collect receivables efficiently. The company saw a significant improvement in the receivables turnover ratio from Q3 2022 to Q1 2023, reaching a peak of 10.76. However, there was a notable drop in the following quarter, and the ratio for Q2 2023 was at 6.21.
It's worth noting that the absence of data for Q1 2023 may limit the ability to track the trend more precisely. Overall, further analysis of the company's receivables management practices and changes in credit policies could provide additional insights into the fluctuations observed in the receivables turnover ratio.
Peer comparison
Dec 31, 2023