Wolverine World Wide Inc (WWW)

Total asset 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
Total assets	US$ in thousands	2,062,800	2,492,700	2,586,400	2,137,400	2,480,000
Total asset turnover		1.09	1.08	0.93	0.84	0.92

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,242,900K ÷ $2,062,800K
= 1.09

The total asset turnover of Wolverine World Wide Inc has shown an increasing trend over the past five years, from 0.92 in 2019 to 1.09 in 2023. This indicates that the company is generating more revenue relative to its total assets annually. The steady improvement suggests that Wolverine World Wide Inc has been effectively utilizing its assets to generate sales. A higher total asset turnover ratio signifies better efficiency in utilizing assets to generate revenue, which can be a positive indicator of financial health and operational effectiveness.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Wolverine World Wide Inc

WWW

1.09