Wolverine World Wide Inc (WWW)
Total asset 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 |
| Total assets | US$ in thousands | 2,062,800 | 2,231,300 | 2,357,300 | 2,416,700 | 2,492,700 | 3,170,600 | 2,949,000 | 2,746,000 | 2,586,400 | 2,681,400 | 2,303,600 | 2,267,300 | 2,137,400 | 2,501,100 | 2,589,400 | 2,753,700 | 2,480,000 | 2,468,500 | 2,442,900 | 2,351,300 |
| Total asset turnover | 1.06 | 1.03 | 1.04 | 1.07 | 1.04 | 0.84 | 0.88 | 0.92 | 0.93 | 0.85 | 0.93 | 0.82 | 0.84 | 0.75 | 0.76 | 0.79 | 0.92 | 0.91 | 0.91 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,179,400K ÷ $2,062,800K
= 1.06
Wolverine World Wide Inc's total asset turnover ratio has fluctuated over the past several quarters, ranging from 0.75 to 1.07. The ratio measures the efficiency of the company in generating sales from its total assets. A higher ratio indicates that the company is effectively utilizing its assets to generate revenue.
In recent quarters, Wolverine World Wide Inc has shown some improvement in its asset turnover, with the ratio increasing from 0.84 in Sep 2022 to 1.06 in Dec 2023. This suggests that the company has been able to generate more sales relative to its total assets, reflecting improved efficiency in asset utilization.
However, it is important to note that there have been fluctuations in the ratio, indicating potential variability in the company's operational efficiency. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's ability to effectively utilize its assets in generating revenue.
Peer comparison
Dec 31, 2023