Wolverine World Wide (Wolverine World Wide) Days Inventory

: 128.17 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Wolverine World Wide's Average Total Inventories for the three months ended in Dec. 2023 was $469 Mil. Wolverine World Wide's Cost of Goods Sold for the three months ended in Dec. 2023 was $334 Mil. Hence, Wolverine World Wide's Days Inventory for the three months ended in Dec. 2023 was 128.17.

The historical rank and industry rank for Wolverine World Wide's Days Inventory or its related term are showing as below:

WWW' s Days Inventory Range Over the Past 10 Years
Min: 79.5 Med: 94.36 Max: 162.81
Current: 162.81

During the past 13 years, Wolverine World Wide's highest Days Inventory was 162.81. The lowest was 79.50. And the median was 94.36.

WWW's Days Inventory is ranked worse than
61.36% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs WWW: 162.81

Wolverine World Wide's Days Inventory declined from Dec. 2022 (168.31) to Dec. 2023 (128.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wolverine World Wide's Inventory Turnover for the three months ended in Dec. 2023 was 0.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Wolverine World Wide's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.

Wolverine World Wide Days Inventory Historical Data

The historical data trend for Wolverine World Wide's Days Inventory 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

90.01

102.24

80.19

125.56

148.99

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
Days Inventory																168.31	184.85	173.48	177.02	128.17

Competitive Comparison

For the Footwear & Accessories subindustry, Wolverine World Wide's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution

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

* The bar in red indicates where Wolverine World Wide's Days Inventory falls into.

Wolverine World Wide Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Wolverine World Wide's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (745.2	+	373.6)	/	2 )	/	1370.4	*	365
=	559.4					/	1370.4	*	365
=	148.99

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (563.8	+	373.6)	/	2 )	/	333.7	*	365 / 4
=	468.7					/	333.7	*	365 / 4
=	128.17

Wolverine World Wide (NYSE:WWW) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Wolverine World Wide's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	333.7	/	468.7
	=	0.71

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Wolverine World Wide's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	468.7	/	526.7
	=	0.89

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Wolverine World Wide Days Inventory Related Terms

Thank you for viewing the detailed overview of Wolverine World Wide's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Days Inventory

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