What is Wolverine World Wide Receivables Turnover?
The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Wolverine World Wide's Revenue for the
three
months ended in Mar. 2024 was $395 Mil. Wolverine World Wide's average Accounts Receivable for the
three
months ended in Mar. 2024 was $231 Mil.
Hence, Wolverine World Wide's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.71.
Wolverine World Wide Receivables Turnover Historical Data
The historical data trend for Wolverine World Wide's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Wolverine World Wide's Receivables Turnover
For the Footwear & Accessories subindustry, Wolverine World Wide's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Wolverine World Wide's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wolverine World Wide's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Wolverine World Wide's Receivables Turnover falls into.
Wolverine World Wide Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Wolverine World Wide's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wolverine World Wide (NYSE:WWW) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Wolverine World Wide Receivables Turnover Related Terms
Thank you for viewing the detailed overview of Wolverine World Wide's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine World Wide (Wolverine World Wide) Business Description
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories. The company's segment includes Active Group; Work Group; Lifestyle Group and Other. It generates maximum revenue from the Active Group segment. Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear.
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