Wolverine World Wide Inc (WWW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 83,800 | -142,900 | -150,800 | -110,500 | -68,200 | 92,700 | 123,100 | 154,900 | 129,200 | 146,500 | 131,300 | 117,200 | 155,700 | -39,700 | -39,600 | -95,900 | -137,100 | 61,800 | 87,500 | 135,500 |
| Total assets | US$ in thousands | 1,668,800 | 1,758,700 | 1,796,300 | 1,853,000 | 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 |
| Operating ROA | 5.02% | -8.13% | -8.40% | -5.96% | -3.31% | 4.15% | 5.22% | 6.41% | 5.18% | 4.62% | 4.45% | 4.27% | 6.02% | -1.48% | -1.72% | -4.23% | -6.41% | 2.47% | 3.38% | 4.92% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $83,800K ÷ $1,668,800K
= 5.02%
The operating return on assets (Operating ROA) of Wolverine World Wide Inc has shown fluctuating trends over the analyzed periods. The company achieved a positive operating ROA of 4.92% as of March 31, 2020, indicating that it generated a profit through its operations in relation to its total assets. However, the operating ROA declined in subsequent quarters, reaching a low of -6.41% by December 31, 2020, indicating operational inefficiencies leading to a loss.
The trend of negative operating ROA continued into the first half of 2021, with the metric improving slightly but remaining negative. However, starting from December 31, 2021, Wolverine World Wide Inc experienced a significant turnaround, with its operating ROA turning positive at 6.02% and continuing to improve steadily over the following quarters, reaching 5.02% by December 31, 2024.
The positive swing in operating ROA post-2021 suggests that the company effectively utilized its assets to generate operating profits, indicating improved operational efficiency and profitability. This positive trend demonstrates management's ability to optimize assets and improve the company's operational performance. Further analysis may be required to understand the specific strategies and initiatives that contributed to this turnaround in operating ROA.
Peer comparison
Dec 31, 2024