Wolverine World Wide Inc (WWW)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -68,200 | -336,000 | -304,500 | -182,700 | -208,400 | 237,600 | 221,300 | 117,200 | 155,700 | -39,700 | -39,600 | -95,900 | -137,100 | 61,800 | 87,500 | 135,500 | 171,000 | 230,100 | 230,200 | 242,800 |
| 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 |
| Operating profit margin | -3.13% | -14.69% | -12.40% | -7.06% | -8.02% | 8.93% | 8.49% | 4.64% | 6.45% | -1.73% | -1.85% | -5.15% | -7.66% | 3.28% | 4.45% | 6.19% | 7.52% | 10.26% | 10.32% | 10.89% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-68,200K ÷ $2,179,400K
= -3.13%
Wolverine World Wide Inc's operating profit margin has experienced fluctuations over the past few quarters. The operating profit margin for the latest quarter, ending December 31, 2023, was -3.13%, indicating that the company's operating expenses exceeded its operating income, resulting in a negative margin.
The company's operating profit margins for the previous three quarters (from September 30, 2023, to March 31, 2023) were also negative, showing a trend of operating losses during this period. This could be attributed to various factors such as increased expenses, lower revenues, or inefficiencies in operations.
In contrast, the operating profit margins for the quarters ending June 30, 2022, and September 30, 2022, were positive at 8.49% and 8.93%, respectively. This indicates that during these periods, the company was able to generate operating profits relative to its net sales.
Overall, Wolverine World Wide Inc's operating profit margin has displayed volatility, with both positive and negative margins in recent quarters. It is essential for the company to closely monitor and manage its operating expenses and revenues to improve and stabilize its profitability in the future.
Peer comparison
Dec 31, 2023