Wolverine World Wide Inc (WWW)

Return on assets (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
Net income (ttm)	US$ in thousands	-39,600	-310,000	-279,600	-179,000	-188,300	158,700	119,700	39,800	68,600	-87,500	-65,100	-111,400	-136,900	32,900	59,200	101,000	128,500	168,700	178,800	193,900
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
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-39,600K ÷ $2,062,800K
= -1.92%

Wolverine World Wide Inc's return on assets (ROA) has shown fluctuations over the periods presented. The ROA was negative in recent quarters, indicating the company's assets are not generating sufficient earnings. The ROA deteriorated significantly from a positive range in 2020 to negative figures in 2023. There was a notable decline in ROA from 2021 to 2023, with the most recent figure at -1.92%. Overall, Wolverine World Wide Inc's ROA trend suggests challenges in efficiently utilizing its assets to generate profits and may require closer scrutiny to improve operational performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

Wolverine World Wide Inc

WWW

-1.92%