Wolverine World Wide Inc (WWW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,755,000 | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 |
| Total assets | US$ in thousands | 1,668,800 | 2,062,800 | 2,492,700 | 2,586,400 | 2,137,400 |
| Total asset turnover | 1.05 | 1.09 | 1.08 | 0.93 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,755,000K ÷ $1,668,800K
= 1.05
In analyzing the total asset turnover of Wolverine World Wide Inc over the past five years, we observe a trend of improvement in this ratio. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate sales revenue.
Starting at a level of 0.84 in December 2020, Wolverine World Wide Inc increased its total asset turnover to 0.93 by December 2021, reflecting a better utilization of assets to drive sales. Subsequently, the ratio continued to climb to 1.08 in December 2022 and further to 1.09 by December 2023, indicating a consistent enhancement in asset efficiency.
However, there was a slight dip observed in December 2024, with the total asset turnover dropping to 1.05. It is worth noting that despite this decrease, the ratio still remains above the levels seen in the earlier years, highlighting Wolverine World Wide Inc's ability to generate more sales relative to its total assets.
Overall, the increasing trend in total asset turnover over the period suggests that Wolverine World Wide Inc has been successful in optimizing its asset utilization to drive sales growth, which is a positive indicator of the company's operational efficiency and overall financial health.
Peer comparison
Dec 31, 2024