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Wolverine World Wide (Wolverine World Wide) EBIT : $-71 Mil (TTM As of Dec. 2023)


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What is Wolverine World Wide EBIT?

Wolverine World Wide's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-186 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-71 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wolverine World Wide's annualized ROC % for the quarter that ended in Dec. 2023 was -8.21%. Wolverine World Wide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -112.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Wolverine World Wide's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -4.00%.


Wolverine World Wide EBIT Historical Data

The historical data trend for Wolverine World Wide's EBIT 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.

* Premium members only.

Wolverine World Wide EBIT Chart

Wolverine World Wide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 175.90 -140.50 117.70 -205.60 -70.70

Wolverine World Wide Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -449.70 44.10 46.50 24.90 -186.20

Competitive Comparison of Wolverine World Wide's EBIT

For the Footwear & Accessories subindustry, Wolverine World Wide's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wolverine World Wide's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Wolverine World Wide's EV-to-EBIT falls into.



Wolverine World Wide EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-71 Mil.

* 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) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Wolverine World Wide's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-280 * ( 1 - 55.22% )/( (1641 + 1411.6)/ 2 )
=-125.384/1526.3
=-8.21 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Wolverine World Wide's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-744.8/( ( (275.2 + max(503.8, 0)) + (214.5 + max(326.4, 0)) )/ 2 )
=-744.8/( ( 779 + 540.9 )/ 2 )
=-744.8/659.95
=-112.86 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(272 + 563.8 + 101) - (429.9 + 0 + 3.1000000000001)
=503.8

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(230.8 + 373.6 + 241.7) - (495.5 + 0 + 24.2)
=326.4

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Wolverine World Wide's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-70.7/1766.343
=-4.00 %

* 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 EBIT Related Terms

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Wolverine World Wide (Wolverine World Wide) Business Description

Traded in Other Exchanges
Address
9341 Courtland Drive N.E., Rockford, MI, USA, 49351
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.
Executives
Amy M. Klimek officer: EVP, Global Human Resources 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Jeffrey M Boromisa director
Michael D Stornant officer: EVP, CFO and Treasurer C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Brenda J Lauderback director IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
Jodi Bricker director C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Demonty Price director C/O RESTORATION HARDWARE HOLDINGS, INC., 15 KOCH ROAD, SUITE K, CORTE MADERA CA 94925
Andersen Stacia J.p. director 6301 FITCH PATH, NEW ALBANY OH 43054
Kathleen Wilson-thompson director PO BOX 3599, BATTLE CREEK MI 49016-3599
Christopher Hufnagel officer: President, Active Group 9341 COURTLAND DRIVE, ROCKFORD MI 49351
Nicholas T. Long director C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
Reginald Rasch officer: Sr. VP, Gen'l Counsel & Sec'y 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Brendan Hoffman director, officer: President 100 PIER 1 PLACE, FORT WORTH TX 76102
Isabel Soriano officer: President, International C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351
David T Kollat director 9341 COURTLAND DR, ROCKFORD MI 49351
William K Gerber director 999 WEST BIG BEAVER ROAD, TROY MI 48084