Wolverine World Wide Inc (WWW)
Working capital 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 current assets | US$ in thousands | 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 | 967,100 | 948,600 | 929,300 | 875,500 |
| Total current liabilities | US$ in thousands | 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 | 787,400 | 833,900 | 744,900 | 592,100 |
| Working capital turnover | 14.00 | 9.32 | 12.29 | 15.51 | 16.77 | 12.06 | 13.13 | 22.85 | 16.76 | 15.23 | 3.81 | 3.39 | 3.59 | 3.90 | 4.45 | 16.58 | 12.65 | 19.56 | 12.09 | 7.87 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,179,400K ÷ ($1,025,100K – $869,400K)
= 14.00
Wolverine World Wide Inc's working capital turnover has fluctuated over the periods indicated. A higher working capital turnover ratio indicates that the company is efficient in managing its working capital to generate sales revenue.
The trend shows that Wolverine World Wide Inc experienced a significant increase in working capital turnover from March 2020 to December 2020, reaching its peak at 22.85, which suggests strong sales generated relative to the working capital invested during that period.
However, the ratio dropped in the following quarters but remained relatively high compared to previous years. The company saw a notable improvement in working capital turnover in the first quarter of 2023, reaching 15.51. This suggests a quick conversion of working capital into sales during that period.
It is essential for Wolverine World Wide Inc to monitor and manage its working capital effectively to ensure optimal efficiency in utilizing the resources available to sustain and grow its sales revenue in the long term.
Peer comparison
Dec 31, 2023