Wolverine World Wide Inc (WWW)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 40.03% | 39.50% | 39.35% | 40.43% | 41.17% | 41.68% | 42.41% | 42.33% | 42.65% | 42.41% | 41.92% | 41.70% | 41.09% | 40.43% | 40.79% | 40.45% | 40.63% | 41.06% | 40.80% | 40.99% |
| 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% |
| Pretax margin | -6.18% | -17.41% | -14.80% | -9.13% | -9.70% | 7.37% | 5.85% | 1.96% | 3.39% | -5.32% | -4.24% | -7.87% | -10.19% | 1.47% | 2.93% | 4.97% | 6.40% | 8.85% | 9.02% | 9.82% |
| Net profit margin | -1.82% | -13.55% | -11.39% | -6.92% | -7.24% | 5.97% | 4.59% | 1.58% | 2.84% | -3.82% | -3.03% | -5.99% | -7.65% | 1.75% | 3.01% | 4.61% | 5.65% | 7.52% | 8.02% | 8.70% |
Wolverine World Wide Inc's gross profit margin has been relatively stable over the past few quarters, ranging between 39.35% and 42.65%. This indicates the company has been effectively managing its production and distribution costs to generate profit from its core operations.
However, the operating profit margin has shown more volatility, with negative margins in some quarters and positive margins in others. This suggests that Wolverine World Wide Inc has been facing challenges in controlling its operating expenses and may need to focus on improving efficiency in its day-to-day operations.
The pretax margin has also fluctuated, with negative margins in some quarters reflecting the impact of non-operating expenses on the company's overall profitability. Wolverine World Wide Inc should assess and potentially reduce these non-operating costs to improve its bottom line performance.
Similarly, the net profit margin has shown variability, with negative margins in certain quarters. Wolverine World Wide Inc should prioritize strategies to enhance its net profit margin, such as cost-cutting measures, improving revenue generation, or optimizing its capital structure.
Overall, Wolverine World Wide Inc's profitability ratios suggest a mixed performance, with opportunities to strengthen operational efficiency and profitability in the future. Management may need to focus on cost management and revenue enhancement strategies to improve overall financial performance.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -1.92% | -13.89% | -11.86% | -7.41% | -7.55% | 5.01% | 4.06% | 1.45% | 2.65% | -3.26% | -2.83% | -4.91% | -6.40% | 1.32% | 2.29% | 3.67% | 5.18% | 6.83% | 7.32% | 8.25% |
| Return on total capital | -7.71% | -31.74% | -28.58% | -17.44% | -19.97% | 17.19% | 16.14% | 8.84% | 11.44% | -2.98% | -2.95% | -7.27% | -10.76% | 4.21% | 6.08% | 11.79% | 14.34% | 18.96% | 18.03% | 18.03% |
| Return on equity (ROE) | -14.21% | -90.54% | -80.62% | -54.81% | -58.73% | 24.16% | 18.59% | 6.67% | 10.90% | -13.96% | -10.28% | -18.29% | -24.39% | 4.36% | 8.18% | 13.92% | 16.76% | 21.55% | 21.19% | 21.27% |
Wolverine World Wide Inc's profitability ratios have shown significant fluctuations over the past few quarters. The Operating return on assets (Operating ROA) and Return on assets (ROA) have been negative in recent quarters, indicating that the company's operating income and net income generated from its assets have been declining. This suggests inefficiency in asset utilization and overall profitability.
Return on total capital has also been negative, indicating that the company's returns in relation to its total capital have been poor. The Return on equity (ROE) has shown similar trends, with negative values in some quarters, highlighting the company's struggle to generate returns for its shareholders.
Overall, Wolverine World Wide Inc's profitability ratios reflect a challenging operating environment and a need for the company to improve its efficiency in utilizing assets and generating returns for both its assets and capital. Further analysis and strategic actions may be required to enhance the company's profitability and financial performance.