Wolverine World Wide (Wolverine World Wide) Accounts Receivable : $231 Mil (As of Dec. 2023)

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What is Wolverine World Wide Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Wolverine World Wide's accounts receivables for the quarter that ended in Dec. 2023 was $231 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Wolverine World Wide's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 39.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Wolverine World Wide's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-15.65.

Wolverine World Wide Accounts Receivable Historical Data

The historical data trend for Wolverine World Wide's Accounts Receivable 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.

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Wolverine World Wide Accounts Receivable Chart

Wolverine World Wide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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331.20

268.30

319.60

241.70

230.80

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
Accounts Receivable	Get a 7-Day Free Trial															241.70	251.20	241.50	272.00	230.80

Wolverine World Wide Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Wolverine World Wide Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Wolverine World Wide's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	230.8	/	526.7	*	91
=	39.99

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Wolverine World Wide's accounts receivable are only considered to be worth 75% of book value:

Wolverine World Wide's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(179	+	0.75 * 230.8	+	0.5 * 373.6	-	1762.8
-	0	-	21.4)	/	79.5505
=	-15.65

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Wolverine World Wide Accounts Receivable Related Terms

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Wolverine World Wide (Wolverine World Wide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wolverine World Wide Inc (NYSE:WWW) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

WW4:Germany

Address

9341 Courtland Drive N.E., Rockford, MI, USA, 49351

Website

https://www.wolverineworldwide.com

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