Wolverine World Wide Inc (WWW)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 2,480,000 | 2,468,500 | 2,442,900 | 2,351,300 |
| Operating ROA | -3.31% | -15.06% | -12.92% | -7.56% | -8.36% | 7.49% | 7.50% | 4.27% | 6.02% | -1.48% | -1.72% | -4.23% | -6.41% | 2.47% | 3.38% | 4.92% | 6.90% | 9.32% | 9.42% | 10.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-68,200K ÷ $2,062,800K
= -3.31%
The operating return on assets (ROA) of Wolverine World Wide Inc has displayed significant fluctuations over the past several quarters. The company's operating ROA was negative in most recent quarters, indicating that its operating profits were not sufficient to cover its assets on a consistent basis. The trend shows instability in the company's ability to generate operating income relative to its asset base.
Specifically, the operating ROA for Wolverine World Wide Inc ranged from a low of -15.06% in September 2023 to a high of 10.33% in March 2019. The negative operating ROA figures in recent quarters suggest operational challenges and inefficiencies impacting the company's profitability. It is essential for the company to address these issues to improve its operational performance and ensure sustainable profitability moving forward.
Overall, Wolverine World Wide Inc's operating ROA trend indicates a mixed performance in effectively utilizing its assets to generate operating income, reflecting the need for enhanced operational efficiency and profitability management strategies.
Peer comparison
Dec 31, 2023