Wolverine World Wide Inc (WWW)
Working capital 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 current assets | US$ in thousands | 688,500 | 1,025,100 | 1,265,300 | 903,700 | 904,200 |
| Total current liabilities | US$ in thousands | 533,100 | 869,400 | 1,110,300 | 759,600 | 406,000 |
| Working capital turnover | 11.29 | 14.41 | 17.32 | 16.76 | 3.60 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,755,000K ÷ ($688,500K – $533,100K)
= 11.29
The working capital turnover ratio for Wolverine World Wide Inc has witnessed a strong upward trend over the past five years. The ratio increased from 3.60 in December 31, 2020, to 16.76 in December 31, 2021, and continued to rise to 17.32 in December 31, 2022. Although there was a slight decrease to 14.41 in December 31, 2023, the ratio remained relatively high compared to its initial value. In the most recent year, December 31, 2024, the working capital turnover ratio stood at 11.29.
This upward trend indicates that Wolverine World Wide Inc has been effectively utilizing its working capital to generate revenue during the analyzed period. A higher working capital turnover ratio suggests that the company is efficiently managing its resources to support its operational activities and sales. However, the slight decrease in 2023 and the subsequent lower ratio in 2024 may warrant further investigation to assess any changes in the company's working capital management strategies or business operations.
Peer comparison
Dec 31, 2024