Wolverine Non Currrent Assets Other vs Retained Earnings Analysis

WWW Stock

USD 13.62 0.06 0.44%

Wolverine World financial indicator trend analysis is more than just analyzing Wolverine World Wide current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wolverine World Wide is a good investment. Please check the relationship between Wolverine World Non Currrent Assets Other and its Retained Earnings accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

Non Currrent Assets Other vs Retained Earnings

Non Currrent Assets Other vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wolverine World Wide Non Currrent Assets Other account and Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Wolverine World's Non Currrent Assets Other and Retained Earnings is 0.59. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Wolverine World Wide, assuming nothing else is changed. The correlation between historical values of Wolverine World's Non Currrent Assets Other and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Wolverine World Wide are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Non Currrent Assets Other i.e., Wolverine World's Non Currrent Assets Other and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

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Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Wolverine World's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wolverine World Wide current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

Selling General Administrative is likely to drop to about 367.6 M in 2024. Tax Provision is likely to climb to about (90.2 M) in 2024

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	872.5M	509.3M
Total Revenue	2.4B	2.7B	2.2B	1.3B

Gross Profit Total Revenue

Wolverine World fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Term Debt	Current Deferred Revenue	Accounts Payable	Common Stock
Total Assets		0.73	0.68	0.3	0.61	0.6	0.61	0.74	0.5	0.98	0.74	0.5	0.84	-0.27	0.86	0.68	0.52	-0.13	0.79	0.11	0.93	0.86	0.14	-0.46	0.88	0.81
Short Long Term Debt Total	0.73		0.52	0.69	0.08	0.66	0.96	0.34	0.17	0.7	0.41	0.17	0.51	-0.55	0.85	0.68	0.74	-0.36	0.99	0.62	0.71	0.52	0.55	0.09	0.53	0.6
Other Current Liab	0.68	0.52		0.4	0.24	0.7	0.5	0.52	0.18	0.68	0.35	0.18	0.45	-0.35	0.48	0.68	0.18	-0.26	0.56	0.0	0.61	0.52	0.31	-0.42	0.55	0.55
Total Current Liabilities	0.3	0.69	0.4		-0.26	0.72	0.73	0.28	-0.15	0.25	-0.15	-0.15	0.09	-0.85	0.23	0.51	0.6	-0.76	0.7	0.87	0.37	-0.04	0.96	0.55	0.13	0.54
Total Stockholder Equity	0.61	0.08	0.24	-0.26		-0.07	-0.08	0.61	0.58	0.64	0.72	0.58	0.72	0.3	0.44	0.13	0.11	0.26	0.18	-0.37	0.48	0.8	-0.38	-0.7	0.74	0.5
Property Plant And Equipment Net	0.6	0.66	0.7	0.72	-0.07		0.63	0.61	0.16	0.57	0.16	0.16	0.36	-0.81	0.42	0.54	0.5	-0.66	0.69	0.54	0.58	0.24	0.67	0.17	0.25	0.69
Net Debt	0.61	0.96	0.5	0.73	-0.08	0.63		0.22	-0.12	0.58	0.32	-0.12	0.44	-0.53	0.73	0.71	0.77	-0.39	0.92	0.63	0.59	0.4	0.63	0.17	0.4	0.45
Retained Earnings	0.74	0.34	0.52	0.28	0.61	0.61	0.22		0.48	0.73	0.59	0.48	0.74	-0.44	0.44	0.36	0.3	-0.49	0.47	0.11	0.67	0.58	0.17	-0.27	0.6	0.78
Cash	0.5	0.17	0.18	-0.15	0.58	0.16	-0.12	0.48		0.47	0.36	1.0	0.32	-0.08	0.44	0.0	-0.06	0.11	0.24	-0.09	0.51	0.46	-0.31	-0.36	0.51	0.53
Non Current Assets Total	0.98	0.7	0.68	0.25	0.64	0.57	0.58	0.73	0.47		0.73	0.47	0.85	-0.22	0.85	0.57	0.48	-0.1	0.76	0.07	0.83	0.92	0.1	-0.5	0.85	0.76
Non Currrent Assets Other	0.74	0.41	0.35	-0.15	0.72	0.16	0.32	0.59	0.36	0.73		0.36	0.88	0.17	0.73	0.48	0.42	0.13	0.46	-0.27	0.68	0.81	-0.28	-0.62	0.69	0.39
Cash And Short Term Investments	0.5	0.17	0.18	-0.15	0.58	0.16	-0.12	0.48	1.0	0.47	0.36		0.32	-0.08	0.44	0.0	-0.06	0.11	0.24	-0.09	0.51	0.46	-0.31	-0.36	0.51	0.53
Net Receivables	0.84	0.51	0.45	0.09	0.72	0.36	0.44	0.74	0.32	0.85	0.88	0.32		-0.07	0.72	0.47	0.48	-0.11	0.58	-0.05	0.73	0.83	-0.03	-0.5	0.75	0.64
Common Stock Shares Outstanding	-0.27	-0.55	-0.35	-0.85	0.3	-0.81	-0.53	-0.44	-0.08	-0.22	0.17	-0.08	-0.07		-0.19	-0.31	-0.36	0.89	-0.59	-0.83	-0.34	0.14	-0.77	-0.61	-0.01	-0.59
Non Current Liabilities Total	0.86	0.85	0.48	0.23	0.44	0.42	0.73	0.44	0.44	0.85	0.73	0.44	0.72	-0.19		0.56	0.57	-0.02	0.86	0.21	0.77	0.81	0.04	-0.33	0.73	0.56
Inventory	0.68	0.68	0.68	0.51	0.13	0.54	0.71	0.36	0.0	0.57	0.48	0.0	0.47	-0.31	0.56		0.53	-0.18	0.68	0.18	0.81	0.39	0.4	-0.19	0.61	0.52
Other Current Assets	0.52	0.74	0.18	0.6	0.11	0.5	0.77	0.3	-0.06	0.48	0.42	-0.06	0.48	-0.36	0.57	0.53		-0.3	0.73	0.57	0.54	0.36	0.59	0.19	0.3	0.42
Other Stockholder Equity	-0.13	-0.36	-0.26	-0.76	0.26	-0.66	-0.39	-0.49	0.11	-0.1	0.13	0.11	-0.11	0.89	-0.02	-0.18	-0.3		-0.42	-0.71	-0.17	0.18	-0.73	-0.56	0.04	-0.43
Total Liab	0.79	0.99	0.56	0.7	0.18	0.69	0.92	0.47	0.24	0.76	0.46	0.24	0.58	-0.59	0.86	0.68	0.73	-0.42		0.61	0.76	0.57	0.54	0.06	0.6	0.69
Property Plant And Equipment Gross	0.11	0.62	0.0	0.87	-0.37	0.54	0.63	0.11	-0.09	0.07	-0.27	-0.09	-0.05	-0.83	0.21	0.18	0.57	-0.71	0.61		0.17	-0.18	0.82	0.79	-0.09	0.4
Total Current Assets	0.93	0.71	0.61	0.37	0.48	0.58	0.59	0.67	0.51	0.83	0.68	0.51	0.73	-0.34	0.77	0.81	0.54	-0.17	0.76	0.17		0.65	0.2	-0.33	0.83	0.8
Intangible Assets	0.86	0.52	0.52	-0.04	0.8	0.24	0.4	0.58	0.46	0.92	0.81	0.46	0.83	0.14	0.81	0.39	0.36	0.18	0.57	-0.18	0.65		-0.17	-0.69	0.83	0.54
Short Term Debt	0.14	0.55	0.31	0.96	-0.38	0.67	0.63	0.17	-0.31	0.1	-0.28	-0.31	-0.03	-0.77	0.04	0.4	0.59	-0.73	0.54	0.82	0.2	-0.17		0.6	-0.06	0.37
Current Deferred Revenue	-0.46	0.09	-0.42	0.55	-0.7	0.17	0.17	-0.27	-0.36	-0.5	-0.62	-0.36	-0.5	-0.61	-0.33	-0.19	0.19	-0.56	0.06	0.79	-0.33	-0.69	0.6		-0.62	-0.09
Accounts Payable	0.88	0.53	0.55	0.13	0.74	0.25	0.4	0.6	0.51	0.85	0.69	0.51	0.75	-0.01	0.73	0.61	0.3	0.04	0.6	-0.09	0.83	0.83	-0.06	-0.62		0.7
Common Stock	0.81	0.6	0.55	0.54	0.5	0.69	0.45	0.78	0.53	0.76	0.39	0.53	0.64	-0.59	0.56	0.52	0.42	-0.43	0.69	0.4	0.8	0.54	0.37	-0.09	0.7

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Wolverine World Account Relationship Matchups

Wolverine World fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	2.1B	2.6B	2.5B	2.1B	1.2B
Short Long Term Debt Total	979.7M	886.8M	1.1B	1.4B	1.1B	1.1B
Total Current Liabilities	787.4M	406M	759.6M	1.1B	869.4M	912.9M
Total Stockholder Equity	778.4M	573M	644.4M	339M	278.6M	475.1M
Property Plant And Equipment Net	301.8M	267.1M	267.2M	310.9M	214.5M	117.8M
Net Debt	799.1M	539.4M	961.6M	1.2B	908.9M	954.3M
Retained Earnings	1.3B	1.1B	1.1B	907.2M	834.8M	565.3M
Cash	180.6M	347.4M	161.7M	131.5M	179M	111.0M
Non Current Assets Total	1.5B	1.2B	1.7B	1.2B	1.0B	568.3M
Non Currrent Assets Other	167.7M	141.4M	140.8M	126.9M	68.9M	90.3M
Cash And Short Term Investments	180.6M	347.4M	161.7M	131.5M	179M	111.0M
Net Receivables	331.2M	268.3M	319.6M	241.7M	230.8M	195.2M
Common Stock Shares Outstanding	87.2M	81M	83.3M	79.7M	79.4M	86.1M
Liabilities And Stockholders Equity	2.5B	2.1B	2.6B	2.5B	2.1B	1.2B
Non Current Liabilities Total	914.2M	1.2B	1.2B	1.0B	893.4M	938.1M
Inventory	348.2M	243.1M	365.5M	745.2M	373.6M	236.8M
Other Current Assets	107.1M	45.4M	56.9M	79M	81.1M	85.2M
Other Stockholder Equity	(491.1M)	(500.1M)	(496.5M)	(547.5M)	(527M)	(500.7M)
Total Liab	1.7B	1.6B	1.9B	2.2B	1.8B	1.9B
Property Plant And Equipment Gross	301.8M	267.1M	267.2M	310.9M	469.7M	493.2M
Total Current Assets	967.1M	904.2M	903.7M	1.3B	1.0B	584.3M
Accumulated Other Comprehensive Income	(102.1M)	(130.6M)	(98.9M)	(132.9M)	(142.2M)	(135.1M)
Intangible Assets	682.3M	455.3M	792.7M	341.4M	209M	282.2M
Short Term Debt	406.6M	44M	273.3M	474.1M	349.7M	367.2M
Current Deferred Revenue	(138.3M)	(178.7M)	2M	24.5M	289.5M	304.0M
Accounts Payable	202.1M	185M	222.1M	272.2M	206M	124.3M
Common Stock	108.3M	110.4M	111.6M	112.2M	113M	79.1M
Common Stock Total Equity	108.3M	110.4M	111.6M	112.2M	129.0M	78.5M
Good Will	1.0B	824.7M	556.6M	485M	427.1M	405.7M
Other Liab	341.1M	315.6M	332.4M	166.8M	191.8M	163.1M
Other Assets	89.9M	141.4M	140.8M	90.1M	103.6M	83.7M
Long Term Debt	425.9M	712.5M	731.8M	723M	605.8M	495.9M
Treasury Stock	(736.2M)	(764.3M)	(810.2M)	(891.3M)	(802.2M)	(762.1M)
Property Plant Equipment	141M	124.6M	267.2M	136.2M	156.6M	130.2M
Net Tangible Assets	(207.3M)	(206M)	(630.3M)	(352.2M)	(317.0M)	(301.1M)
Noncontrolling Interest In Consolidated Entity	11.7M	11.6M	14.8M	18.4M	21.2M	22.2M
Retained Earnings Total Equity	1.3B	1.1B	1.1B	907.2M	1.0B	1.1B
Long Term Debt Total	425.9M	712.5M	731.8M	723M	650.7M	568.7M

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When determining whether Wolverine World Wide is a strong investment it is important to analyze Wolverine World's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wolverine World's future performance. For an informed investment choice regarding Wolverine Stock, refer to the following important reports:

How To Invest In Wolverine

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Is Wolverine Stock a good investment?

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What is Wolverine World's Net Worth?

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolverine World Wide. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.

You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running Wolverine World's price analysis, check to measure Wolverine World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wolverine World is operating at the current time. Most of Wolverine World's value examination focuses on studying past and present price action to predict the probability of Wolverine World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wolverine World's price. Additionally, you may evaluate how the addition of Wolverine World to your portfolios can decrease your overall portfolio volatility.

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Is Wolverine World's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wolverine World. If investors know Wolverine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wolverine World listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.78)

Dividend Share

0.4

Earnings Share

(0.93)

Revenue Per Share

25.624

Quarterly Revenue Growth

(0.34)

The market value of Wolverine World Wide is measured differently than its book value, which is the value of Wolverine that is recorded on the company's balance sheet. Investors also form their own opinion of Wolverine World's value that differs from its market value or its book value, called intrinsic value, which is Wolverine World's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wolverine World's market value can be influenced by many factors that don't directly affect Wolverine World's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Wolverine World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wolverine World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wolverine World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Wolverine Non Currrent Assets Other vs Retained Earnings Analysis

Non Currrent Assets Other vs Retained Earnings

Non Currrent Assets Other vs Retained Earnings Correlation Analysis

Correlation Coefficient

Non Currrent Assets Other

Retained Earnings

Wolverine World fundamental ratios Correlations

Wolverine World Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wolverine World fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Short Term Debt	+ 0.96	Total Current Liabilities
Total Current Assets	+ 0.93	Total Assets

Common Stock Shares Outstanding	- 0.85	Total Current Liabilities
Property Plant And Equipment Gross	- 0.83	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.81	Property Plant And Equipment Net
Short Term Debt	- 0.77	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.76	Total Current Liabilities
Short Term Debt	- 0.73	Other Stockholder Equity