Wolverine World Wide Inc (WWW)
Working capital 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 current assets | US$ in thousands | 688,500 | 762,300 | 790,800 | 825,900 | 1,025,100 | 1,097,200 | 1,163,900 | 1,202,600 | 1,265,300 | 1,551,800 | 1,293,300 | 1,077,900 | 903,700 | 1,002,600 | 1,086,400 | 1,047,200 | 904,200 | 1,042,000 | 1,118,600 | 1,251,700 |
| Total current liabilities | US$ in thousands | 533,100 | 618,600 | 665,600 | 730,300 | 869,400 | 851,700 | 964,200 | 1,035,900 | 1,110,300 | 1,331,300 | 1,094,700 | 967,400 | 759,600 | 852,100 | 522,900 | 497,800 | 406,000 | 560,000 | 676,400 | 1,119,700 |
| Working capital turnover | 11.29 | 12.44 | 14.97 | 21.32 | 14.41 | 9.70 | 12.74 | 16.01 | 17.32 | 12.04 | 13.10 | 22.80 | 16.76 | 15.21 | 3.81 | 3.39 | 3.60 | 3.92 | 4.46 | 16.59 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,755,000K ÷ ($688,500K – $533,100K)
= 11.29
Wolverine World Wide Inc's working capital turnover ratio has exhibited some fluctuations over the periods provided.
The working capital turnover ratio measures how efficiently the company is able to utilize its working capital to generate sales revenue. A higher ratio indicates that the company is effectively using its working capital to generate sales, while a lower ratio may suggest inefficiency in managing working capital.
From March 2020 to September 2021, the working capital turnover ratio showed a declining trend, decreasing from 16.59 to 3.81. This sharp decline may indicate potential issues with managing working capital efficiently during this period.
However, starting from March 2022, the working capital turnover ratio started to increase significantly, reaching a peak of 22.80 in March 2022. This steep increase suggests that the company greatly improved its ability to generate sales revenue relative to its working capital during this time.
Subsequently, the ratio fluctuated but generally remained at relatively higher levels compared to the earlier periods, indicating improved efficiency in the utilization of working capital to drive sales.
Overall, Wolverine World Wide Inc's working capital turnover ratio has shown variability, but the company appears to have made significant improvements in optimizing its working capital efficiency in generating sales revenue, particularly from March 2022 onward.
Peer comparison
Dec 31, 2024