Wolverine World Wide Inc (WWW)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,755,000 | 1,787,000 | 1,874,500 | 2,038,400 | 2,242,900 | 2,381,200 | 2,544,900 | 2,669,400 | 2,684,800 | 2,655,400 | 2,600,700 | 2,519,000 | 2,414,900 | 2,288,900 | 2,145,300 | 1,862,500 | 1,791,100 | 1,888,900 | 1,970,100 | 2,189,600 |
| Total assets | US$ in thousands | 1,668,800 | 1,758,700 | 1,796,300 | 1,853,000 | 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 |
| Total asset turnover | 1.05 | 1.02 | 1.04 | 1.10 | 1.09 | 1.07 | 1.08 | 1.10 | 1.08 | 0.84 | 0.88 | 0.92 | 0.93 | 0.85 | 0.93 | 0.82 | 0.84 | 0.76 | 0.76 | 0.80 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,755,000K ÷ $1,668,800K
= 1.05
Wolverine World Wide Inc's total asset turnover has fluctuated over the past few years, reflecting the company's effectiveness in generating sales from its total assets. The trend shows some variability, with a general improvement from 0.80 in March 2020 to 1.05 in December 2024. This indicates that the company is becoming more efficient in utilizing its assets to generate revenue.
The total asset turnover ratio measures how well a company uses its assets to generate revenue. A higher ratio indicates that the company is more efficient in generating sales with its assets. In Wolverine World Wide Inc's case, the ratio has generally been on an upward trend, which is a positive sign for investors and stakeholders.
It is important to note that a high total asset turnover ratio may not always be favorable, as it could potentially signify aggressive revenue recognition practices or operating with a low level of assets. However, the steady increase in Wolverine World Wide Inc's total asset turnover suggests improving operational efficiency and effective asset management.
Overall, the upward trend in total asset turnover for Wolverine World Wide Inc indicates increasing efficiency in utilizing assets to drive sales, which is a positive signal for the company's financial performance and sustainability.
Peer comparison
Dec 31, 2024