Wolverine World Wide Inc (WWW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 47,900 | -39,600 | -189,100 | 68,600 | -138,600 |
| Total assets | US$ in thousands | 1,668,800 | 2,062,800 | 2,492,700 | 2,586,400 | 2,137,400 |
| ROA | 2.87% | -1.92% | -7.59% | 2.65% | -6.48% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $47,900K ÷ $1,668,800K
= 2.87%
Based on the data provided, Wolverine World Wide Inc's return on assets (ROA) has fluctuated over the years. In 2020, the company had a negative ROA of -6.48%, indicating that its assets were not effectively generating income. However, in 2021, the ROA improved to 2.65%, suggesting that the company's asset utilization and profitability had increased.
In 2022, the ROA declined sharply to -7.59%, indicating a significant drop in the company's ability to generate profits from its assets. The following year, in 2023, the ROA remained negative at -1.92%, indicating ongoing challenges in efficiently utilizing its assets to generate returns.
By the end of 2024, Wolverine World Wide Inc's ROA rebounded to 2.87%, showing a positive trend in asset profitability compared to the previous year. Overall, the fluctuating ROA values reflect the company's varying success in managing and generating returns from its assets over the analyzed period.
Peer comparison
Dec 31, 2024